Wednesday, January 26, 2011

Yunnan Province in the border by the preferential policies of foreign investment in RMB City

 Support the comments related to 7, a total of 22. Which include the use of the name Trade and Industry Bureau and the city and county level economic and technological development zones, hi-tech Industrial Development Zone for Trade and Industry Branch.

(press Hu Hongjiang)

Relax the conditions for registration of enterprise name, will allow companies to not use the name of national industry sector enterprises engaged in express terms the industry registered capital decreased from 100 million yuan to 5,000 yuan, from the business scope covers more than 5 major national economic sectors reduced to three or more classes; the company set up enterprise groups, the parent company's registered capital from 50 million yuan shall be reduced to 3,000 million yuan, registered capital of the Group parent company from 1 million yuan more than the total dropped to 50 million yuan.

Support foreign investors in the Yunnan border state and city capital investment of RMB. In accordance with the original provisions, foreign investors can freely convertible foreign currency required funding, or approval by the approving authority, with its host from China and other foreign-invested enterprises gained profit of RMB capital. SAIC to allow foreign investors to the state border in Yunnan Province, the city invested RMB direct investment, restrictions on foreign investors to the currency of contribution requirements, while addressing most of the ASEAN countries is not a freely convertible currency of the currency problem, the Yunnan border states and cities to attract foreign investment, smooth investment channels will play a major role in promoting.

Administration for Industry and Commerce recently issued advice in support of competitive enterprises in Yunnan and emerging industries, expansion of business registration license, support the development of market players and so many breakthrough preferential policies granted to Yunnan.

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