Provisons on Guiding Fore/@ /nvestment Direcfion
Decree [ZOO11 No.336 of the State Council i%e Regulation of the People's Republic of China on the Administration of Insurance Companies with Foreign Investment has been passed at the 49th executive meeting of the State Council on December 5, 2001 and is hereby promulgated for implementation as of February 1, 2002. Premier of the State Coz~nrilZ: hu Rongji December 12, 2001(11-26 10:47)
Chapter I General Provisions
Article 1 These provisions are formulated according to the related legal provisions on foreign investment and requirements of industrial policies of the State in order to guide the direction of foreign investment, to make foreign investment in accordance with the plan of the national economy and social development of our country, and to serve the purpose of protecting legitimate rights and interests of investors.
Article 2 These provisions shall apply to the projects of Sino-foreign equity joint ventures, Sino-foreign contractual joint ventures, wholly foreign owned enterprises(hereafter referred to as "foreign investment enterprises"), as well as to other forms of foreign investment (hereafter referred to as "foreign investment projects") within the territory of the People's Republic of China.
Article 3 The State Development Planning Commission (SDPC), the State Economy and Trade Commission (SETC) and the Ministry of Foreign Trade and Economic Cooperation (MOFTEC), in conjunction with the concerned ministries of the State Council, shall formulate Catalogue for the Guidance of Foreign Investment industries and Catalogue of Advantaged Industries for Foreign Investment in Mid-west China, and promulgate these Catalogues after approval of the State Council.
According to practical circumstance that partial adjustment need to be made to these Catalogues, SETC, SDPC and MOFTEC, in conjunction with the concerned ministries of the State Council shall make revision and promulgation in, time.
Catalogue for the Guidance of Foreign Investment Industries and Catalogue of advantaged Industries for Foreign Investment in Mid-west China shall be the basis for the guidance of examination and approval of foreign investment projects and for the policy of foreign investment enterprises.
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