Administration of Foreign Investment in the Commercial Sector Procedures
商务部外商投资商业领域管理办法
The new Procedures represent China's WTO commitments to remove restrictions against wholly-owned foreign enterprises.
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(Promulgated by the Ministry of Commerce on April 16 2004 and effective as of June 1 2004.)
(商务部于二零零四年四月十六日公布，自二零零四年六月一日起施行。)
Article 1: These Procedures have been formulated pursuant to such laws and administrative regulations as the PRC Sino-foreign Equity Joint Venture Law, the PRC Sino-foreign Cooperative Joint Venture Law, the PRC Wholly Foreign-owned Enterprise Law, the Company Law, etc. in order to open up more sectors to foreign investment and improve the development of the market distribution system.