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Hebei International Business Environment
Release Date : 2020-04-12     Article Source : Hebei Provincial Department of Commerce

 

Hebei actively fosters a business-friendly social culture and strives to create a good policy environment for business investment, encouraging and supporting business start-ups and advocating entrepreneurship. It implements a "negative list" and puts into force a more relaxed and convenient system for market access, improves administration services, enhances judicial safeguards for business operation, lowers corporate institutional costs and manages to create "an undisturbed operation" environment for enterprises.

 

Relevant Policies on the Approval and Recordation for the Establishment and Modification of Foreign-funded Enterprises in Hebei Province

 

(一)Approval

1、Approval authority of the Ministry of Commerce: Establishment and modification of foreign-funded enterprises with a total investment over $100 million falling within the restrained category of the Catalog of Industries for Guiding Foreign Investment, those with a total investment over $1 billion (including capital increase) overlapped in both the encouraged and restrained categories, and those foreign-funded enterprises with related M & A.

2、Approval authority of the Provincial Department of Commerce and the administration committees of State-level Economic and Technical Development Zones: Establishment and modification of foreign-funded enterprises with a total investment below $100 million falling within the restrained category of the Catalog of Industries for Guiding Foreign Investment, and foreign-funded enterprises with a total investment below $1 billion (including capital increase) overlapped in both the encouraged and restrained categories.

(二)Recordation

1、Scope of Recordation : the establishment and modification of foreign-funded enterprises not involving special administrative measures for access as prescribed by the state (Negative List for Foreign Investment) prescribed to implement by the country.

2、Recordation Administration Institutions and Authorities:

(1)Provincial Department of Commerce: Recordation administration for the establishment and modification of enterprises involving foreign investors’ strategic investment in the non-foreign-funded listed companies or listed foreign-funded companies introducing new foreign investors’ strategic investment; recordation administration for an enterprise turning from non-foreign-funded into a foreign-funded one through M&A (except related party M&A ) or consolidation by merger etc.; recordation administration for the establishment and modification of foreign-funded companies in the sectors of financing leasing, commercial factoring and petty loan; recordation administration for the establishment and modification of service trade enterprises funded by service providers from Hong Kong and Macao in Hebei province (except Tangshan).

(2)Competent departments of commerce of the municipal cities (including Dingzhou and Xinji), Xiong’an New Area, the counties (cities, districts) enjoying corresponding foreign investment administration authority and the management committees of provincial-level development zones are responsible for the recordation administration concerning the establishment and modification of foreign-funded companies in their respective region other than those prescribed to be the power of the Provincial Department of Commerce. The competent department of commerce of Tangshan City is in charge of the recordation administration for the establishment and modification of service trade enterprises funded by service providers from Hong Kong and Macao in the region. 

 

 

 

 

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