Decree No. 4 of the Ministry of Commerce of the People's Republic of China in 2012 Supplementary Provisions (V) on the Measures for the Administration of Foreign Investment in Commercial Fields

Decree No. 4 of the Ministry of Commerce in 2012

 

The Supplementary Provisions (V) on the Measures for the Administration of Foreign Investment in Commercial Fields has been deliberated and adopted by the Ministry of Commerce of the People's Republic of China, which shall hereby be promulgated and enter into effect as of the day of promulgation. 

Minister: Chen Deming

April 10, 2012

 

Supplementary Provisions (V) on the Measures for the Administration of Foreign Investment in Commercial Fields

 

To promote the establishment of closer economic partnership between Hong Kong, Macao and the Mainland and encourage service providers from Hong Kong and Macao to set up commercial businesses in the Mainland, and in accordance with the Supplementary Agreement VIII for Mainland and Hong Kong Closer Economic Partnership Arrangement as well as the Supplementary Agreement VIII for Mainland and Macao Closer Economic Partnership Arrangement approved by the State Council approved by the State Council, the supplementary provisions on the Measures for the Administration of Foreign Investment in Commercial Fields (Decree No. 8 of the Ministry of Commerce in 2004) shall be made as follows：

Article 1The same service provider from Hong Kong and Macao who has accumulatively set up more than 30 outlets and conducts the business of grain of different kinds and brands from multiple suppliers within China shall be allowed to conduct pilot business in the wholly-invested form. The above-mentioned business shall be limited within Guangdong province.  

Article 2The service provider from Hong Kong and Macao herein should respectively conform to the definition of the "Service Provider" as stipulated in theMainland and Hong Kong Closer Economic Partnership Arrangement, the Mainland and Macao Closer Economic Partnership Arrangement and the related supplementary provisions as well as pertinent provisions.

Article 3 Other items of the service provider from Hong Kong and Macao on investment in commercial fields within the Mainland shall still be subject to theMeasures for the Administration of Foreign Investment in Commercial Fields.

Article 4 For the other foreign investor who has accumulatively set up more than 30 outlets and conducts the business of grain of different brands from different suppliers within China, its contribution proportion shall be no more than 49%. 

Article 5 The Provisions herein shall enter into effect as of the day of promulgation.