外商投资企业项目核准暂行管理办法(英文).docVIP

Verification and Approval Procedures of Foreign-invested Projects (Promulgated by the National Development and Reform Commission on 9 October 2004 and effective as of the date of promulgation.) PART ONE　GENERAL PROVISIONS 　　Article 1　These Procedures are specially formulated in accordance with the PRC, Administrative Licensing Law and the State Council, Reform of the Investment System Decision in order to standardize the administration of verification and approval of foreign-invested projects. 　　Article 2　These Procedures shall apply to the verification and approval of various types of foreign-invested projects such as Sino-foreign equity joint ventures, Sino-foreign cooperative joint ventures, wholly foreign-owned enterprises, merger and acquisition of domestic enterprises by foreign investors, and capital increase by foreign-invested enterprises. 　　PART TWO　VERIFICATION AND APPROVAL AUTHORITIES AND THEIR AUTHORITY 　　Article 3　In accordance with the classification of the Foreign Investment Industrial Guidance Catalogue, project application reports for projects in the encouraged category and permitted category with a total investment (here and hereinafter including capital increase) of US$ 100 million or more and projects in the restricted category with a total investment of US$ 50 million or more shall be verified and approved by the National Development and Reform Commission. Project application reports for projects in the encouraged category and permitted category with a total investment of US$ 500 million or more and projects in the restricted category with a total investment of US$ 100 million or more shall be submitted to the State Council for verification and approval after examination and verification by the National Development and Reform Commission. 　　Article 4　Projects in the encouraged category and permitted category with a total investment of less than US$ 100 million and projects in the restricted category with a total investment of less than US$ 50 mi