The State Administration for Industry and Commerce Interim Provisions of the State Administration for Industry and Commerce Concerning the Proportion of Registered Capital and Total GongShangQiZi [1987] No.38 February 17, 1987 Article 1 According to the Law of the People’s Republic of China on Chinese-foreign Equity Joint Ventures and Rules for the Implementation of Article 2 The registered capital of a Chinese-foreign equity joint venture shall adapt to its scale and scope of production and operation. The Article 3 The proportion of registered capital and total amount of investment of Chinese-foreign equity joint ventures shall abide by the following 1. Where the total amount of investment of the Chinese-foreign equity joint venture is less than 3,000,000 U.S. dollars (including 3,000,000 2. Where the total amount of investment of the Chinese-foreign equity joint venture is between over 3,000,000 U.S. dollars to 10,000,000 3. Where the total amount of investment of the Chinese-foreign equity joint venture is between over 10,000,000 U.S. dollars to 30,000,000 4. WWhere the total amount of investment of the Chinese-foreign equity joint venture is over 30,000,000 U.S. dollars, the registered Article 4 Where Chinese-foreign equity joint ventures encounter special circumstances so as not able to execute the provisions stated above, Article 5 Where Chinese-foreign equity joint ventures increase the investment, the proportion of the additional registered capital and the increased Article 6 The proportion of registered capital and total amount of investment of Chinese-foreign contractual joint ventures and foreign invested Article 7 These provisions apply to the proportion of registered capital and total amount of investment of the enterprises that are invested Article 8 These provisions shall enter into force as of the date of promulgation. |
The State Administration for Industry and Commerce
1987-02-17