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Commitments under CEPA -- Consultation
Latest Updated by 2004-02-18 19:49:23

Consultation

WTO commitments or existing regulations on examination and approval

Only joint ventures are allowed to be established. Major shareholding is allowed for foreign party. The restriction will be cancelled in 6 years after China’s entry to WTO. By then, foreign companies will be allowed to establish wholly foreign-owned companies.

Commitments under CEPA

Hong Kong service suppliers are allowed to provide, in the form of wholly-owned operations, management consulting services, including general management consulting services, financial management consulting services (except business tax), marketing management consulting services, human resources management consulting services, production management consulting services, public relations services and other management consulting services in the Mainland. The minimum registered capital requirement for the above-mentioned enterprises follows the requirements in the “company Law of the People’s Republic of China”.

Examination and Approval procedure

When the conditions for Hong Kong service suppliers in CEPA are satisfied, Shenzhen Foreign Trade and Economic Cooperation Bureau may conduct examination and approval according to law.

Special Materials to be Submitted for Examination and Approval

None, except necessary documents and materials.

 

Editor: Catherine

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