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The General Administration of Customs, the Ministry of Foreign Trade and Economic Cooperation
Official Reply of the General Administration of Customs and the Ministry of Foreign Trade and Economic Cooperation Concerning the
Recognition of Capital Contribution of Enterprises Invested by Oversea Chinese and Compatriots from Hong Kong, Macao and Taiwan
ShuJianYi [1991] No.786
July 19, 1991
Guangzhou Customs:
Your telegraph dated June 13 has been received. We have studied the request of Zhaoqing Hengjin Electronic Limited Company for preferential
treatments stated in the Decree No.64 of the State Council and conclude that, in accordance with Article 4 of the Law on Chinese-foreign
Equity Joint Ventures, the proportion of foreign investment in a Chinese-foreign equity joint venture is generally not lower than
25%. According to this principle, overseas Chinese investors and compatriot investors from Hong Kong, Macao and Taiwan should contribute
no less than 25% of the registered capital of the joint ventures they invest in so as to classify these joint ventures as those invested
by overseas Chinese and compatriots from Hong Kong, Macao and Taiwan. Therefore, the request of Zhaoqing Hengjin Electronic Limited
Company should be handled in line with the related provisions of the country on enterprises with foreign investment.
That is hereby the reply.
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The General Administration of Customs, the Ministry of Foreign Trade and Economic Cooperation
1991-07-19
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