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The Ministry of Science And Technology, the State Administration for Industry And Commerce
Circular of the Ministry of Science And Technology, the State Administration for Industry and Commerce Concerning Share-holding with
Priced High/new Technological Research Findings
GuoKeFaZhengZi [1999] No.351
August 19, 1999
The science and technology commissions and administrations for industry and commerce of various provinces, autonomous regions, municipalities
directly under the Central Government and municipalities separately listed on the State plan:
The Provisions Concerning the Facilitation of the Conversion of High/new Technological Research Findings of the Ministry of Science
and Technology, the Ministry of Education, the Ministry of Personnel, the Ministry of Finance, the People’s Bank of China, the State
Administration of Taxation and the State Administration for Industry and Commerce transmitted by the general office of the State
Council on March 30, 1999 made new provisions for shareholding or investment with high/new technological research findings. Related
issues for the implementation of the Regulations are now notified as follows:
Investment or shareholding with high/new technological research findings in companies with limited liability or non-company enterprises
should continue to be governed by the examination and authentication procedures in accordance with the Provisions Concerning the
Facilitation of the Conversion of High/new Technological Research Findings and its Implementing Measures jointly promulgated by the
Ministry of Science and Technology and the State Administration for Industry and Commerce. However, if the high/new technological
research finding is priced at more than 5 million RMB and exceeds 35% of the registered capital of the company or enterprise, the
research finding in question should be examined and authenticated by the Ministry of Science and Technology.
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