Ministry of Commerce, Supplementary Provisions for the (Measures for the Administration of Foreign Investment in the Commercial Sector)
商务部《外商投资商业领域管理办法》的补充规定
Date:
March 2006
CLP Reference: 5400/06.01.09
Promulgated: 09 January 2006
Effective: 09 January 2006
Keywords (click to search): [CEPA Phase II] [HKSAR] [MSAR]
Promulgated: January 9 2006
Effective: as of date of promulgation
Main contents: Hong Kong and Macao service providers are allowed to establish wholly-owned enterprises and equity and co-operative joint ventures to engage in commission agency business for chemical fertilizers, oil products and crude oil, as well as wholesale and retail of chemical fertilizers (Article 1). For Hong Kong and Macao service providers that have established over 30 stores in aggregate in the mainland, if the commodities they deal with include books, newspapers, magazines, automobiles (this restriction will be cancelled from December 11 2006 onwards), pharmaceutical products, pesticides, mulching films, chemical fertilizers, grains, vegetable oil, sugar and cotton, and such commodities are from different brands and suppliers, such Hong Kong and Macao service providers are allowed to hold a controlling interest, but their capital contribution ratios may not exceed 51% (Article 2).
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