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For purposes of promoting construction of closer economic and trade
relations between Hong Kong, Macao and the mainland, and encouraging
service providers of Hong Kong and Macao to establish commercial
enterprises at mainland, the following supplementary regulations are
stipulated as complementarities to regulations that are related to
commercial investments of service providers from Hong Kong and Macao
and regulated in Measures for The Administration on Foreign Investment
in Commercial Fields <Decree No.8 of Ministry of Commerce>, in
accordance with Supplementary Agreement II for Mainland/Hong Kong
Closer Economic Partnership Arrangements as well as Supplementary
Agreement II for Mainland/Macao Closer Economic Partnership
Arrangements approved by the State Council.
1. Service providers from Hong Kong are permitted to establish
enterprises of single proprietary, joint ventures or cooperative
enterprises to undertaking commission agent business of chemical
fertilizer, product oil and crude oil as well as wholesale and retail
trade of chemical fertilizer.
2. Under the circumstance that the same service provider from Hong
Kong or Macao opens more than 30 stores accumulatively within Chinese
mainland, if the goods it manages include books, newspapers,
magazines, automobiles （this restriction shall be cancelled from
December 11, 2006）, drugs, pesticides, agricultural films,
fertilizers, food, vegetable oil, sugar, cotton, and the above
commodities are of different brands and come from different suppliers,
the proportion of capital contribution of the service provider from
Hong Kong or Macao shall not exceed 51%.
3. The service providers from Hong Kong and Macao in the said
Regulations should comply with the definition and related regulations
on “service providers” in Mainland/Hong Kong Closer Economic
Partnership Arrangements and Mainland/Macao Closer Economic
Partnership Arrangements respectively.
4. Please continue to take Measures for The Administration on
Foreign Investment in Commercial Fields as criterion of implementation
of other matters of investment in commercial fields in mainland of
service providers from Hong Kong and Macao.
5. The Regulations takes effect as from release. |
