FOREIGN TRADE LAW
Foreign Trade Law of the People’s Republic of China | |
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Foreign Trade Law of the People’s Republic of China | |
CATALOGUE OF PRIORITY INDUSTRIES FOR FOREIGN INVESTMENT IN THE CENTRAL-WESTERN REGION (AMENDED IN 2004)
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Ministry of Finance of the People’s Republic of China Supplementary Notice of the Ministry of Finance on How to Deal with the Accounting Issues about the Assessed Increase and Decrease CaiQi [2004] No.134 The finance departments (administrations) of all provinces, autonomous regions, municipalities directly under the Central Government After we issued Notice of the Ministry of Finance on How to Deal with the Accounting Issues about the Assessed Increase and Decrease 1. Undistributed profits of the previous years coming from the assessed increase of overseas investment assets of foreign-funded enterprises, After Notice of the Ministry of Finance on How to Deal with the Accounting Issues about the Assessed Increase and Decrease of the 2. Sino and foreign shareholders shall be enpost_titled to demand the enterprises to distribute profits ipso jure, but when the enterprises 3. The present notice shall be implemented as of the promulgation date. Ministry of Finance of the People’s Republic of China August 10th, 2004 |
Ministry of Finance of the People’s Republic of China
2004-08-10
the Ministry of Finance Order of the Ministry of Finance of the People’s Republic of China No. 18 The “Measures for the Administration of Tenders and Invitations to Bid in Government Procurement of Goods and Services”, which have Minister of the Ministry of Finance Jin Renqing August 11, 2004 Measures for the Administration of Tenders and Invitations to Bid in Government Procurement of Goods and Services Chapter I General Provisions Article 1 In order to regulate the procurement activities of the parties involved in government procurement, intensify the supervision and administration Article 2 These Measures shall apply to tenders and invitations to bid in government procurement of goods or services (hereinafter referred The procurement agency mentioned in the preceding paragraph means an institution in charge of centralized procurement or any other Article 3 Invitations to bid concerning goods or services may be classified into public invitations to bid and invitation-based tenders for A public invitation for bid means that a bid-invitation procurement entity lawfully invites uncertain suppliers to bid by announcement. An invitation-based tender for bid means that a bid-invitation procurement entity lawfully and randomly selects three or more suppliers Article 4 Goods or services must be procured by public invitation for bid if a procurement item reaches the amount limitation for public invitation Article 5 A bid-invitation procurement entity may not break up the whole into parts in respect of the goods or services to be procured by public Article 6 No entity or individual may impede or restrict suppliers from free participation in bidding activities concerning goods and services, Article 7 If, in a tender or invitation for bid concerning goods and services, any staff member of a procurement entity that invites bids, any Article 8 The suppliers participating in the bids for supply of goods or services under government procurement (hereinafter referred to as “bidders”), If a foreign supplier lawfully participates in the bid for the supply of goods and services, it shall abide by the provisions in these Article 9 The tenders and invitations to bid concerning goods and services shall be beneficial to achieving the targets of economic and social Article 10 The finance department of each people’s government at the county level or above shall lawfully perform its supervision and administration Chapter II Invitations to Bid Article 11 A bid-invitation procurement entity shall organize and arrange the activities of tenders and invitations to bid concerning goods and A purchaser may lawfully entrust a procurement agency to handle an invitation for bid concerning goods or services, or may discretionally An institution of centralized procurement shall independently arrange an invitation for bid for the supply of goods or services in Article 12 Where a purchaser meets the following conditions, it may organize an invitation for bid at its own discretion: (1) Having independent capacity to bear civil liabilities; (2) Having the capacities of compiling bid-invitation documents and organizing the offer, and having procurement and management staff (3) The purchaser has participated in the government procurement training held by the finance department of the people’s government at Where a purchaser fails to fulfill the conditions prescribed in the preceding paragraph, it must entrust a procurement agency to invite Article 13 Where a purchaser entrusts a procurement agency to invite bids on its behalf, it shall conclude an agency agreement with the procurement Article 14 Where the procurement of goods and services is carried out in the form of public invitation for bid, the bid-invitation procurement Article 15 Where the procurement of goods and services is carried out in the form of invitation-based tender for bid, the bid-invitation procurement The bidders shall, 3 working days prior to the expiration of the announcement period for pre-examination of qualifications, submit Article 16 Where the procurement of goods and services is carried out in the form of invitation for bid, the time period from the issuance of Article 17 An announcement on public invitation for bid shall mainly include the following: (1) name, address and contact method of the bid-invitation procurement entity; (2) names and number of the bid projects, or the nature of the bid projects; (3) qualification requirements for the bidders; (4) time, place and method of obtaining bid-invitation documents, as well as the price of the bid-invitation documents; and (5) deadline for bidding, time and place for opening of bid. Article 18 A bid-invitation procurement entity shall compile the bid-invitation documents in light of the characteristics and requirements of (1) An invitation for bid; (2) Instructions to bidders (including sealing, signing and stamping requirements, etc.); (3) Certificates of qualification and creditworthiness that ought to be submitted by the bidders; (4) Requirements on quoting bidding prices and compiling bidding documents, and method of paying bid bond; (5) Technical specifications, requirements and number of bid projects, including annexes and drawings, etc.; (6) Main contract clauses and method of concluding contracts; (7) Time of delivery of goods or provision of services; (8) Bid evaluation method, bid evaluation standards and clauses of invalidating bids; (9) Deadline for bidding, time and place for opening of bid; and (10) Other particulars prescribed by the finance department at the provincial level or above. The tenderee shall prescribe and indicate the substantive requirements and conditions in the bid-invitation documents. Article 19 The bid-invitation procurement entity shall make paper bid-invitation documents, and may also, through a network medium designated Article 20 The bid-invitation procurement entity may require the bidders to submit alternative bid proposals as required by the bid-invitation Article 21 All technical standards stated in the bid-invitation documents shall meet the compulsory national standards. The bid-invitation documents may not require or indicate certain bidders or products, or contain tendentious contents or other contents Article 22 A bid-invitation procurement entity may, as circumstances demand, ask relevant experts or suppliers for opinions regarding the bid-invitation Article 23 The price of the bid-invitation documents shall be determined pursuant to the principles of covering the costs of printing such documents, Article 24 A bid-invitation procurement entity may not terminate its invitation for bid without authorization after having promulgated the announcement Article 25 A bid-invitation procurement entity may, in light of the specific circumstance of the procurement project in the invitation for bid, Article 26 Before the opening of bid, neither the bid-invitation procurement entity nor the relevant staff members may disclose to others the Article 27 Where a bid-invitation procurement entity makes necessary clarification or modification to the already sent bid-invitation documents, Article 28 A bid-invitation procurement entity may, in light of the specific circumstance of the procurement, extend the deadline for bidding Chapter III Tenders for Bid Article 29 A bidder is a legal person, other organization or natural person who responds to the invitation for bid, meets the qualifications Article 30 A bidder shall compile bidding documents according to the requirements in the bid-invitation documents. The bidding documents shall The bidding documents shall be composed of the commercial part, technical part, price part and other parts. Article 31 A bidder shall, prior to the submission deadline of bidding documents as required in the bid-invitation documents, submit the sealed If the bidding documents are submitted after the submission deadline as required in the bid-invitation documents, they shall be invalid Article 32 A bidder may, prior to the deadline for bidding, make supplements or modification to or withdraw the submitted bidding documents, Article 33 Where a bidder plans to, in light of the practical situation of the procurement project stated in the bid-invitation documents, deliver Article 34 Two or more suppliers may form a bidding consortium, and submit a bid in the identity of one bidder. In the event of bidding in the form of consortium, each party to the consortium shall fulfill the conditions prescribed in Paragraph All parties to the consortium shall conclude a joint bidding agreement, clearly stipulating the tasks and duties of each party to The bid-invitation procurement entity may not compel bidders to form a consortium for joint bidding, nor may it restrict competition Article 35 The bidders may not collude with each other to submit bids and quote prices, nor may they impede the fair competition of other bidders, No bidder may seek for winning of bid by offering briberies to the bid-invitation procurement entity or any member of the bid evaluation Article 36 The bid-invitation procurement entity shall clarify in the bid-invitation documents the sum of guaranty bond for bidding and the method When submitting a bid, a bidder shall pay the bid bond pursuant to the bid-invitation documents. The bid bond may be paid in the form Where a consortium submits a bid, the bid bond may be paid either by one party to the consortium or jointly by all the parties. If Article 37 The bid-invitation procurement entity shall, within 5 working days after the notification of award, refund the bid bond paid by the Chapter IV Opening of Bid, Bid Evaluation and Determination of Bid Article 38 An opening of bid shall be done publicly at the submission deadline of the bidding documents as determined in the bid-invitation documents; The bid-invitation procurement entity shall, prior to the opening of bid, notify the finance department and other relevant departments Article 39 The opening of bid shall be presided over by the bid-invitation procurement entity, and shall be participated in by the purchaser, Article 40 When a bid is opened, the bidders or their representatives shall inspect whether the bidding documents are sealed, the public notarization Such undeclared substantive contents as the bidding prices, price discounts, and alternative bidding proposals as permitted in the Article 41 If, when a bid is opened, the contents of the schedule on opening of the bid (price quotation schedule) in the bidding documents are If the amount in words and the amount in figures in the bidding documents are inconsistent with each other, the amount in words shall Article 42 The bid opening process shall be recorded by a special person appointed by the bid-invitation procurement entity, and be kept in archives Article 43 Where there are less than three suppliers participating in the bidding till the end of the deadline for bidding, the bid-invitation (1) If the bid-invitation documents contain no unreasonable clauses, and the time and procedures for announcing the invitation for bid (2) If the bid-invitation documents contain any unreasonable clause, or the time and procedures for announcing the invitation for bid If, in the course of the bid evaluation, there are less than three suppliers who fulfill the professional conditions, or less than Article 44 The bid evaluation shall be organized by the bid-invitation procurement entity, while the bid evaluation committee lawfully established (1) Examining whether the bidding documents meet the requirements in the bid-invitation documents, and making an appraisal accordingly; (2) Requiring the bidding suppliers to explain or clarify the matters pertinent to the bidding documents; (3) Recommending the name list of the candidate suppliers for winning the bid, or accepting the entrustment of the purchaser to directly (4) Reporting illegal acts of interfering with the bid evaluation to the bid-invitation procurement entity or to the relevant departments. Article 45 The bid evaluation committee shall be composed of the representatives of the purchaser and the relevant experts in technical and economic The experts from whom the bid-invitation procurement entity has asked for opinions regarding the bid-invitation documents may no longer The name list of the members of the bid evaluation committee shall be determined prior to the opening of bid in principle, and be Article 46 The bid evaluation experts shall be familiar with the relevant policies and regulations on government procurement, tenders and invitations Article 47 The finance department of the people’s government at each level shall manage the experts in a dynamic way. Article 48 The bid-invitation procurement entity shall randomly select bid evaluation experts from the database of government procurement evaluation If it is difficult for the bid-invitation procurement entity to randomly determine suitable bid evaluation experts for a procurement Article 49 The members of a bid evaluation committee shall perform the following obligations: (1) Observing disciplines and laws, performing duties objectively, impartially and incorruptibly; (2) Evaluating the bids according to the bid evaluation methods and standards prescribed in the bid-invitation documents, and assuming (3) Keeping secret the bid evaluation process and result and the suppliers’ business secrets; (4) Participating in drawing up the bid evaluation report; (5) Cooperating with the finance department in dealing with the complaints; and (6) Cooperating with the bid-invitation procurement entity in answering the queries raised by the bidding suppliers. Article 50 There are three bid evaluation methods for procurement of goods or services in an invitation for bid, namely, the lowest price method, Article 51 The lowest price method refers to the bid evaluation method in which the determination of candidate suppliers for winning the bid The lowest price method shall apply to projects of normatively customized commodities and general services. Article 52 The comprehensive scoring method refers to the bid evaluation method in which the bidders who get the highest total scores in the The main factors of comprehensive scoring include: price, technical and financial status, credit standing, performance, services, At the time of bid evaluation, each member of the bid evaluation committee shall independently evaluate the bidding documents of each Where comprehensive scoring method is adopted, the proportion (weight) of the price score of the involved goods to the total score Total score in bid evaluation = F11+F22++Fnn F1, F2Fn are separately the total scores concerning all scoring factors; A1, A2An are separately the weights of all scoring factors (A1 + A2 + +An = 1). Article 53 The price quality method means the bid evaluation method in which the bidding documents are evaluated as required, then the total Total score in bid evaluation = B/N B shall be the comprehensive score of the bidders. B = F11 + F22 ++ Fn n, of which: F1, F2, Fn are separately the N is the bidding price quoted by the bidder. Article 54 The bid evaluation shall conform to the following working procedures: (1) Preliminary examinations of bidding documents. The preliminary examinations include qualification examination and conformity examination. 1. Qualification examination. To, in accordance with the laws, regulations and the stipulations in the bid-invitation documents, examine 2. Conformity examination. To, according to the prescriptions in the bid-invitation documents, examine the validity and integrity of (2) Clarification of relevant issues. As for the contents in the bidding documents, if their meaning is unclear, issues of the same kind MEASURES FOR THE ADMINISTRATION OF EXAMINATION AND APPROVAL OF FOREIGNERS’ PERMANENT RESIDENCE IN CHINA
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the China Securities Regulatory Commission, the People’s Bank of China Notice of the China Securities Regulatory Commission and the People’s Bank of China about Promulgating the Interim Provisions on the Zheng Jian Fa [2004] No. 78 The regulatory bureaus of the China Securities Regulatory Commission in all the provinces, autonomous regions, municipalities directly For the purpose of regulating the operations of monetary market funds and protecting the lawful rights and interests of the fund investors, China Securities Regulatory Commission People’s Bank of China August 16, 2004 Interim Provisions on the Management of Monetary Market Funds Article 1 For the purpose of promoting the development of securities investment funds (hereinafter refers to SIF), regulating the raising and Article 2 The term of “monetary market funds” as referred to in the present Provisions means the funds merely invested into the monetary market Any fund, whose name contains “money”, “cash”, “flowing”, “ready money”, “short-term bond” or other similar words, shall meet the Article 3 Monetary market fund shall be invested into the financial instruments as follow: (1) Cash; (2) Fixed-term bank deposits and lump sum deposit slips within one year (including one year); (3) Bonds with a residual maturity not more than 397 days (including 397 days); (4) Repurchases of bonds with a residual maturity within one year (including one year); (5) Central bank bills within one year (including one year); and (6) Other monetary market instruments with good liquidity as acknowledged by the China Securities Regulatory Commission (CSRC) and the Article 4 Any monetary market fund may not be invested in the following financial instruments: (1) Stocks; (2) Convertible bonds; (3) Bonds with a residual maturity more than 397 days; (4) Enterprise bonds with a credit rating below AAA; or (5) Other financial instruments prohibited by the CSRC and the PBC. Article 5 The investment combination of monetary market fund shall comply with the following provisions: (1) The investments ratio of the short-term enterprise bond issued by the same company shall be within 10% of the net value of the assets (2) The ratio of the deposits in the same commercial bank with the fund custodian qualifications shall be within 30 % of the net value (3) The ratio of the balance of the repurchase of bonds from the national inter-bank bond market shall not exceed 40 % of the net value (4) Other ratio limits provided by the CSRC and the PBC. Article 6 The average residual maturity of the investment combination of monetary market fund shall not exceed 180 days. Article 7 Excluding the circumstances as listed below, the residual maturity of a bond in the investment combination of a monetary market fund (1) With regard to a bond with changeable interest rate or floating interest rate on the basis of the market interest rates, if the interest (2) The residual maturity of a repurchase agreement is equal to the remaining period from the computation date to the date for dealing (3) Other circumstances otherwise as provided for by the CBRC. Article 8 The monetary market fund shall disclose the average residual maturity of the investment combination of SIF in the part of investment Article 9 With regard to a monetary market fund for which price-offering is made every day on the basis of par value, in the fund contract, Article 10 As to monetary market fund for which no purchase or redemption fee is charged, not more than 0.25 % of the fund may be drawn from Article 11 A fund management company shall state it clearly in its prospectuses and publicity materials, that an investor’s purchasing monetary Article 12 A monetary market fund shall adopt stable and proper accounting and estimation approaches so as to ensure that the net value of the In case the fund estimation approach as mentioned in the preceding paragraph can’t fairly reflect the value of the fund under a special The occurrence of the circumstance as mentioned in the preceding paragraph shall be disclosed through the financial accounting statement Article 13 The activities such as raising, purchase, redemption, investment, information disclosure and publicity of a monetary market fund shall Article 14 When conducting the activities of the dealings and settlements in the national inter-bank market, monetary market fund shall abide Article 15 The right to interpret the present Provisions shall reside in the China Securities Regulatory Commission and the People’s Bank of Article 16 The present Provisions shall be implemented as of the date of promulgation. |
the China Securities Regulatory Commission, the People’s Bank of China
2004-08-16
the Ministry of Commerce Circular of the Ministry of Commerce on Relevant Issues concerning the Archival-filing and Registration of Right to Foreign Trade Shang Zi Han [2004] No. 46 The administrative departments of commerce of all provinces, autonomous regions, municipalities directly under the Central Government The Foreign Trade Law of the People’s Republic of China (Order No. 15 [2004] of the President of the People’s Republic of China) and 1. Any foreign-funded enterprise established according to law before July 1, 2004 that hasn’t applied for changing its scope of business 2. In case a lawfully established foreign-funded enterprise applies for adding any other import/export business to its approved scope 3. For any foreign-funded enterprise to be established, if its scope of business as applied for by its investor includes a right to import/export 4. In accordance with the Measures for the Administration of Foreign Investment in Commercial Sector (Decree No. 8 [2004] of the Ministry The Ministry of Commerce August 17, 2004 |
the Ministry of Commerce
2004-08-17