Ministry of Commerce, Supplementary Provisions (III) 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补充规定(三)

November 30, 2007 | BY

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Hong Kong and Macao investors allowed to hold a controlling interest in the commercial sector.

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Promulgated: November 5 2007
Effective: as of date of promulgation

Main contents: Where a Hong Kong or Macao service provider has established more than 50 shops in the mainland accumulatively, it may be the controlling shareholder with a capital contribution ratio of not more than 65% if the commodities traded include pharmaceuticals, pesticides, mulching films, chemical fertilizers, vegetable oil, sugar and cotton, and such commodities carry different brand names and are supplied by different suppliers.