1)Urban Infrastructure 1 Construction and operation of local expressway 2 Construction and operation of urban light rail transportation system 3 Treatment of polluted water and rubbish 4 Construction and operation of thermal power stations 2) Agriculture 1. Production of good quality farming and sideline products 2. Production of good quality dry and fresh fruits 3. Deep processing of farming and sideline products 4. Production of farming and sideline products for export 5. Development of green and pollution-free foods 6. Fresh keeping technology of vegetables, fruits, meats and flowers 3) Industry 1. Motor Vehicles Technology import and renovation of auto spare parts of factories designed by the State: Production of special casting for vehicles Production of auto electric products and other components Production of large automobile body mold and clamping apparatus 2. Electronics New electronic components and electric-electronic components Photoelectric components, sensitive elements and sensors Micro-computers more 16-bits (not including 16-bit) Special purpose photoelectron materials and semiconductor materials New-type display components Computer applying system Special purpose electronic equipment and molding tools Software development 3. Industry of electromechanical equipment High accuracy and efficiency digital control machine tools Power saving electromechanical products Laser instrument Industrial automatic instrument and control system Medical electronic instrument Engineering mechanics and hydroporessure Intellectualized analysis and electronic option instrument Printing machinery 4. New-type building materials Engineering plastics New-type, energy-saving, and light basic building materials New-type potty and porcelain Cement additive High-grade construction mental parts and sanitary equipment Heat-resisting insulating materials (insulting level F or H) and insulating shaped parts 5. Light Industry Design, processing and manufacture of non-mental product mold synthetic perfume and simple-separated perfume Fast food and health-care food 6. Textile High-grade chemical fiber material Oil agent for chemical fiber Special textile for industrial use 7. Chemical Industry Fine chemical products Comprehensive utilization of waste gas, waste liquid and waste reside 8. Medicine and medical apparatus and instrument industry New technology and new instrument that can improve the quality of traditional Chinese medicine, better the packing of dosage products New-type medicine applying biological engineering technology Electronic endoscope Medical duct 4) The Tertiary Industry 1. New type fast food and convenient catering trade 2. Production of tourist commodities 3. Construction of commercial facilities 4. Development and construction of renovation areas of urban old houses 5. Construction of the facilities in tourist spots 6. Economic, scientific and technological information consultation 7. Development of new and high technology and technological service
The interest distribution, risk holding, debt sharing and remained property distribution on the termination of the joint venture shall be strictly in accordance with the ratio of their shareholding of the contracted parties.
The major difference to a joint venture is that each party of a co-operative venture does not have to be in the form of equities or if the parties do convert their investment into equities, then the share of profits, risks and debts and the remained property distribution on the termination of the enterprise may be completely or partly not in accordance with the stock-holding ratio, and the form of investment return, management and administration can be different with a joint venture. A co-operative venture can enjoy more flexibility.
Projects with foreign investment should be in line with China's industrial development policies and concrete requirements of 'industrial development of Beijing. Projects shall be submitted for examination and approval respectively to the competent department of the State, department of Beijing Municipality, government of district and counties of Beijing, Beijing Experimental Zone for the Development of New Technology Industries and Beijing Economic and Technological Development Zone according to the sum of total investment.
1.1. The project proposal and feasibility study report of Sino-foreign joint and cooperative ventures with an investment more than US$ 100 million should be examined and ratified by the State Planning Commission and be submitted by the State Planning Commission to the State Council for examination and approval. Contract and articles of association should be examined and approved by the Ministry of Foreign Trade and Economic Cooperation authorized by the State Council.
1.2. The project proposal and feasibility study report of joint and co-operative enterprises with an investment over US$30 million and less than US$100 million should be examined and ratified by Beijing Planing Commission and be submitted by the State Planning Commission to the State Council for examination and approval. Contract and articles of association should be examined and approved by the Ministry of Foreign Trade and Economic Cooperation.
1.3. The project proposal and feasibility study report of joint and cooperative ventures (excluding those projects restricted by the State) with an investment less than US$30 million (Inclusive), but over US$10 million for the first and second industries or over US$5 million for the tertiary industry, should be submitted to Beijing Planning Commission for examination and approval. The feasibility study report of a technical reformation venture in the industrial sector should be examined and approved by Beijing Economic Commission. The contract and articles of association should be examined and approved by Beijing Foreign Economic Relations and Trade Commission.
1.4. The project proposal, feasibility study report, contract and articles of association of non-restricted joint and cooperative ventures in the first and second industries with an investment less than US$ I 0 million should be submitted to the government of districts or counties and certain authorized bureaus or general corporations (group corporations) for examination and approval. For those new and high technology projects planning to establish in the Beijing Economic Development Zone or Beijing Experimental Zone for the Development of New Technology Industries with an investment under US$30 million should apply to the respective development zone administration and office.
1.5. The project proposal, feasibility study report, contract and articles of association of non-restricted joint and cooperative in the tertiary industry with an investment less than US$5 million should be submitted to the government of districts or counties and certain authorized bureaus or general corporations (group corporations) for examination and approval.
1) Food and drink-industry (restaurants, fastfood service, food delivery service and bars);
2) Consultation and information service (excluding domestic advertisement);
3) Small-sized service industry (beauty parlors, cleaning service, moving service,
housework service);
4) Small size tourist recreation facilities (billiards, bowling, swimming pool, gymnasium and small size tourist spots);
5) Construction of small-sized commercial facilities.
1.6. For non-restricted foreign ventures in the primary and secondary industries to be set up in the districts or counties with an investment of no more than US$3 million (inclusive), they should have their articles of association examined and approved by the government of the concerned district or county. For new and high technology foreign ventures to be set up in Beijing Economic and Technological Development Zone or Beijing Experimental Zone for the Development of New Technology Industries with an investment no more than US$5 million (inclusive), they should submit their articles of association respectively to the development zone administration or experimental zone office for examination and approval. The non-mentioned foreign ventures should go to Beijing Foreign Economy and Trade Commission for examination and approval, or apply to the Ministry of Foreign Trade and Economic Cooperation after being approved by the Commission (over US$30 million).
There are various channels for investors to seek co-operation and partnership. They can contact extensively with the relevant professional department of the municipal, district and county government, with enterprises, higher learning institutions, research institutions and consultation service organizations which introduce foreign investors.
The proposed Chinese and foreign parties should sign a Letter of Intent or Letter of Agreement after preliminary talks.
The Chinese party of the proposed co-operation should compile and submit project proposal to the government department in charge for examination and approval, according to the Letter of Intent signed by both Chinese and foreign parties. The Chinese investor should submit the following documents:
1) application for examination and approval of project proposal to be delivered by the
competent department of the Chinese party
2) letter of Intent signed by all the cooperative parties
3) project proposal on proposed investment
4) opinions of competent department on the trade classification of product arrangement (if
necessary)
5) duplicate of business licence issued by governmental department in charge by the country (or region) where each party is located
6) bank reference of foreign investors
After approval of project proposal and before the signing of contract and articles of association, the enterprise with foreign investment should apply to Beijing Administration for Industry and Commerce or entrusted administration for industry and commerce in the level of district or county for registration of the enterprise name.
The following documents are to be delivered (each in duplicate):
1) foreign enterprise name registration form (each in duplicate): can be obtained from the
administration for industry and commerce after approval of project proposal
2) project proposal and approval document
3) legal business licence presented by the competent governmental department of the investor's country (or region)
The Chinese and foreign investors should jointly prepare the feasibility study report and submit it to competent governmental department for examination and approval.
Each party should submit the following documents:
1) application for examination and approval of feasibility study report to be submitted by the competent department of the Chinese party
2) project proposal and approval document
3) feasibility study report
4) certificate of legal representatives of each party
5) balance sheet and sheet of profit and loss of each party
6) investigation and prediction on domestic and international market demand
7) opinions of the planning department on the choice of site, conditions and programme of plan and design
8) opinions of the relevant professional department on environmental protection, fire protection, labor security and sanitary facilities
9) preliminary examination or evaluation report on the project by relevant department in charge
The contract and articles of association of Sino-foreign joint and cooperative ventures should be examined and approved by economic relation and trade departments at each level. Both parties should submit the following documents to apply for examination and approval:
1) project proposal and approval document
2) feasibility study report and approval document
3) contract and articles of association signed by both parties
4) duplicate of business licence or registration issued by competent governmental department of each investor's country (or region)
5) bank reference of foreign investors
6) name list of board of directors and documents on the appointment of board members by each
party
7) name registration
After the approval of contract and articles of association, application procedures shall be handled for approval certificate to establish enterprises with foreign investment. While applying, the following documents should be submitted:
l) filling "Application Form for enterprises with Foreign Investment"
2) business licence, registration certificate and bank reference of the foreign party
3) business licence of the Chinese party
4) project proposal and approval document
5) feasibility study report and approval document
6) contract, articles of association (including foreign language version), its attachments and approval document
7) name list of board of directors, chairman, composition of the board and document of
appointment
8) name registration
9) rent agreement or certificate of house property
After obtaining an approval certificate and before registration with administration for industry and commerce, enterprises with foreign investment should go through registration procedures with statisticdepartment:
1) original copy of approval certificate of the enterprise
2) filling Statistics Registration Form for Enterprises (each in duplicate)
Enterprises witli foreign investment approved by the commissions of foreign economic relations and trade of municipality, district and county shall, within 30 days from the date of approval, apply to Beijing Administration for Industry and Commerce or its entrusted district and county administration for industry and commerce for registration ol'the enterprise. While applying, the following documents should be submitted:
Enterprises with foreign investment should go through the procedures in the land administrative department to obtain right to land use.
Within 60 days after getting the business licence, the enterprises with foreign investment should register with the Administration of Foreign Exchange Control of the located area, and get "Foreign Exchange Registration Form for Enterprises with Foreign Investment", and present the following documents:
1. contract, articles of association or relevant agreement of the enterprise
2. approval certificate issued by the examination and approval organ
3. business licence issued by the Administration for Industry and Commerce
Administration of Foreign Exchange Control will fill and issue "Foreign Exchange Registration Form for Enterprises with Foreign Investment" after the examination and approval of the above-mentioned documents.
With "Foreign Exchange Registration Form for Enterprises with Foreign Investment", the enterprise can open foreign currency accounts with the appointed bank of its located area. With approval of the Administration of Foreign Exchange Control, the enterprise can also open foreign currency accounts in other places in China and with foreign financial institutions abroad.
1) open a foreign currency account
Enterprises with foreign investment may choose any bank with right to foreign currency
operations to open foreign currency account. In applying, the following documents are to be
delivered:
a. business licence ratified and issued by the Administration for Industry and Commerce
b. approval certificate for establishment of the enterprise
2) open a RMB account
Enterprises with foreign investment may choose any of the banks with the right to RMB operations to open a RMB account. In applying, the following documents should be submitted: a. business licence ratified and issued by the Administration for Industry and Commerce b. approval certificate for establishment of the enterprise
Registration for Taxation
The enterprise with foreign investment should, within 30 days after getting the business licence, register with competent taxation organs. In applying, the following documents should be submitted:
1) duplicate of business licence ratified and issued by the Administration for Industry and Commerce
2) contract, articles of association and approval document
3) approval certificate for establishment of the enterprise
4) feasibility study report and approval document
5) name list of board of directors of the enterprise
Enterprises with foreign investment should go through registration procedures for customs in the following sequence:
1) The following documents should be submitted for customs registration:
a. approval certificate for establishment of the enterprise
b. business licence of the enterprise
c. contract and articles of association
d. inventory of approved import equipment
f. approval from the commission of foreign economic relations and trade
2) The following documents should be submitted to exempt customs duties on import and export
goods:
a. application form for tax exemption for import and export goods
b. invoices
c. copy of the import and export licence
3) The following documents should be submitted for declaration and taking delivery of the
goods:
a. customs declaration form for the import or export goods
b. invoices
c. packing list
d. certificate of exemption from taxes for import or export goods
e. bill of lading
f. import or export licence
Registration with Finance Administration
The following documents should be submitted by the enterprises with foreign investment for registration with finance administration:
1. commerce
2. approval certificate of the establishment of enterprise
3. feasibility study report and approval document
4. contract duplicate of business licence ratified and issued by the Administration for Industry and and articles of association