外商投资商业领域管理办法 Administration of Foreign Investment in Commercial Sectors Procedures

aphic regions for Hong Kong and Macao commercial service providers to establish retail enterprises in the mainland shall extend to cities at the prefectural level， and， in Guangdong Province， to cities at the county level.

　　3. Beginning from 1 January 2004， Hong Kong and Macao commercial service providers may apply to e

stablish commercial enterprises engaged in automobile retail business in the mainland in accordance with the relevant provisions hereof， but its average annual sales volume in the three years prior to the application shall not be less than US$ 100 million； and its asset value in the year prior to the application shall not be less than US$ 10 million. The minimum registered capital for an automobile retail enterprise established in the mainland shall be Rmb 10 million. The minimum registered capital for an automobile retail enterprise established in central and western China shall be Rmb 6 million.

　　4. The Chinese citizens among the permanent residents of Hong Kong and Macao are permitted to establish individually-owned industrial and commercial business to engage in commercial retail business （excluding franchising） in accordance with the relevant laws， regulations and rules of the mainland. The business area shall not exceed 300 square metres.

　　5. For the purposes of these Procedures， Hong Kong and Macao commercial service providers shall satisfy the definition of “service provider” and the requirements of the relevant provisions in the Mainland/Hong Kong Closer Economic Partnership Arrangement and the Mainland/Macao Closer Economic Partnership Arrangement respectively.

　　Article 26　Foreign-invested commercial enterprises are encouraged to join the relevant industry associations to strengthen self-discipline of enterprises.

　　Article 27

　　The Ministry of Commerce shall be responsible for interpreting these Procedures.

　　Article 28　These Procedures shall be implemented as of 1 June 2004.

　　Article 29　The Pilot Projects for Commercial Enterprises with Foreign Investment Procedures promulgated jointly by the former State Economic and Trade Commission and Ministry of Foreign Trade and Economic Cooperation shall be repealed as of the date of implementation of these Procedures

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