banner

Supplementary Provisions to the Administrative Measures for Foreign-Funded Commercial Fields (V)

Thursday, 26 July 2012 09:58

 

 
 
 

For the purpose of promoting closer economic and trade relations between Hong Kong and Macau with the mainland, and encouraging Hong Kong and Macao service providers to establish commercial businesses in the mainland, in accordance with Supplement VIII to the Mainland and Hong Kong Closer Economic Partnership Arrangement and the Supplement VIII to the Mainland and Macao Closer Economic Partnership Arrangement approved by the State Council, we hereby issue the following supplementary provisions to the Administrative Measures for Foreign-Funded Commercial Fields (Order of the Ministry of Commerce `2004` No. 8):

1. Service providers from Hong Kong or Macao that open more than 30 stores in aggregate within the territory of Chinese mainland, and sells food in different varieties and brands from multiple suppliers, such service provider shall be allowed to run wholly-owned operation on a trial basis, and the aforementioned business operation shall be limited only within the territory of Guangdong Province.

2. The service providers from Hong Kong or Macao referred to herein shall fall within the definition of"service providers"of the relevant provisions in the Mainland and Hong Kong Closer Economic Partnership Arrangement and the Mainland and Macao Closer Economic Partnership Arrangement and meet the requirements provided therein.

3. Other matters pertaining to the investments made by the service providers from Hong Kong or Macao in commercial fields in Chinese mainland shall still be subject to the Administrative Measures for Foreign-Funded Commercial Fields.

4. With regards to other foreign investors that opens more than 30 stores in aggregate within the territory of Chinese mainland, and if such foreign investor sells food in different brands from different suppliers, the proportion of capital contribution made by such other foreign investor shall not exceed 49%.

5. The Supplementary Provisions shall take effect as of the date of release.

 

Contact Us


Mr. Mike Chang

Partner


Phone

+86.21.6886 8321


Fax

+86.21.6886 8021


Connect Us