China FDI Law Newsflash

DongmeiLi

CONTENTS

LEGISLATIVE NEWS

[1]SAFE Releases Circular of the StateAdministration of Foreign Exchange on Issues Concerning Foreign ExchangeControl for Overseas Listing

[2]SAT Releases Announcement on IssuesConcerning Enterprise Income Tax on Labor Services Provided in China byPersonnel Dispatched by Non-resident Enterprises

[3]SAFE issues Provisions on Foreign ExchangeAdministration of Domestic Direct Investment by Foreign Investors andsupporting documents

[4]NDRC, MOFCOM jointly release Catalogue ofPriority Industries for Foreign Investment in Central and Western China(Revised in 2013)

[5]Pilot Project for Foreign-Invested EquityInvestment Funds to Be Launched Soon

INVESTMENT DEVELOPMENTS

[6]China Releases New FDI Rules Intensivelyand Improves FDI Examination and Approval Process

[7] MOFCOM to Further Delegate ForeignInvestment Examination and Approval Power to Lower Levels

[8]Hainan 22 Clauses to Be Subject to ForeignInvestment Preferential Policies

[9]China Enterprises Overseas AcquisitionsPeak with 5-Fold Surplus Increase in 2012

[10]MOFCOM: FDI Examination and Approval ItemsReduce by 95 Percent in 7 Years, Optimizing Investment Environment

[11]MOFCOM: Actually Utilized Amount of FDI inChina from January to May，2013，is USD 47.595 Billion

[12]Actual Utilized Amount of FDI in Changchun is USD 1.34 Billion before theMay，2013

LEGISLATIVE NEWS

n          SAFEReleases Circular of the State Administration of Foreign Exchange on IssuesConcerning Foreign Exchange Control for Overseas Listing （Source: State Administration of ForeignExchange, 2014-01-13）

OnJanuary 28, 2013, the State Administration of Foreign Exchange (SAFE) release Circularof the State Administration of Foreign Exchange on Issues Concerning ForeignExchange Control for Overseas Listing(“Circular”) .

"Circular" integrate and improve the foreign exchange management policy under thedomestic enterprises overseas listing, on the content highlighted the followingfeatures: the first is to greatly simplify the procedures and materials on registrationand approval managements. When enterprises handle the relevant registrationprocedures according to the requirements of overseas listing, it can be handledby the bank account opening, funds transfer procedures, without the approval ofSAFE. The second is to standardize the money exchange business on theshareholders within the territory of overseas listed enterprises to increase (orreduce) the foreign shares. The third is to improve and perfect the system andmeans of the data collecting and statistics under overseas listing, combinedwith the ongoing capital project informations system integration work, inenhanching the business facilitation at the same time, improve the scientificand effective supervision.

n          SAT Releases Announcement on IssuesConcerning Enterprise Income Tax on Labor Services Provided in China byPersonnel Dispatched by Non-resident Enterprises(Source: www.chinatax.gov.cn, 2014-05-07)

OnApril 19, 2013, the State Administration of Taxation (SAT) released theAnnouncement of the State Administration of Taxation on Issues ConcerningEnterprise Income Tax on Labor Services Provided in China by PersonnelDispatched by Non-resident Enterprises (the "Announcement").

According to theAnnouncement, with regard to a person dispatched by a non-resident enterprisewho provide a labor service in China, if the dispatching enterprise bears partor all of the liabilities and risks for the work result of such person andusually examines and assesses the performance of such person, the dispatchingenterprise shall be deemed to have provided the labor service in itsestablishment or premise in China; if the dispatching enterprise falls withinenterprises of the other contracting country under a tax treaty and has arelatively fixed and permanent establishment or premises for providing laborservices, such establishment or premises are to be regarded as the permanentoffice set up in China.

n          SAFEissues Provisions on Foreign Exchange Administration of Domestic Direct Investmentby Foreign Investors and supporting documents (Source: State Administration ofForeign Exchange, 2014-05-13)

On May10, the State Administration of Foreign Exchange (SAFE) issued the Notice ofthe State Administration of Foreign Exchange on Printing and Distributing the"Provisions on Foreign Exchange Administration of Domestic DirectInvestment by Foreign Investors" and Supporting Documents (Hui Fa [2013]No. 21, hereinafter referred to as the "Provisions") which came into forceon May 13, 2013, to further standardize and clarify the issues concerningforeign exchange administration of domestic direct investment by foreigninvestors (hereinafter referred to as the "foreign direct investment"or "FDI").

TheProvisions further simplify and integrate the processes and policies onFDI-related foreign exchange registration, account opening and use, receipt andpayment of funds, and foreign exchange settlement and sales on the basis ofadjusting FDI foreign exchange administration policies in December 2012. TheProvisions also increase efforts on cleanup of FDI foreign exchangeadministration provisions, and repeal 24 regulations on FDI foreign exchangeadministration, including the Notice on Printing and Distributing the"Interim Measures for the Administration of Foreign Exchange Registrationfor Foreign-Invested Enterprises" ([96] Hui Zi Han Zi No. 187) and theReply on the Issues Concerning Foreign Exchange Administration of DomesticProjects Contracted for by Overseas Enterprises ([98] Hui Zi Han Zi No. 204).

，2014-06-03)

On Juen 3,2013, the Qianhai Administration published the Key Points for Land ManagementReform Innovation of the Qianhai Shenzhen-Hong Kong Modern Service IndustryCooperation Zone of Shenzhen City (2013-2025) recently. The key points statethat Qianhai will attain innovation and breakthroughs in five aspects, namely,the establishment of differentiated land supply mode, integration operationmode for land resources, assets and capital, promotion of economic andintensive utilization of land, land market regulation and supervision mechanismand land management systems and mechanisms.    

The keypoints cover six rules, namely, (1) exploring new mode for foreign-investedequity investment enterprises in Qianhai innovative development; (2)appropriately lowering market access conditions under the framework of CEPA;(3) launching a pilot project for establishing new types of financialinstitutions and building new types of factor trade platforms; (4) releasingthe catalogue of preferential industries in Qianhai and levying the enterpriseincome tax on eligible enterprises at a 15 percent tax rate; (5) jointoperation of law firms between the Mainland and Hong Kong; and (6) includingQianhai in the pilot project for mutual recognition of professional qualificationsin Guangdong Province approved by the State.

，2013-06-04）

At the special press conference on"Quality and Level of FDI Utilization" held on June 4, 2013,Huang Feng,the deputy director of Department of Foreign Trade of the Ministry of Commerce(MOFCOM), said that the MOFCOM is studying on how to promote a reform of theforeign investment administrative examination and approval system and plans tofurther delegate the examination and approval authority to lower levels,changing the focus from "prior examination and approval" to"subsequent supervision".
HangFeng said, in order to promote investment facilitation, the MOFCOM will narrowthe scope of foreign investment examination and approval to the maximum extent,unceasingly delegate the foreign investment examination and approval power,reduce matters subject to administrative examination and approval, promote theexamination and approval of standard forms of contract and articles ofassociation, and first launch a pilot project in Beijing, Shanghai, Jiangsu andGuangdong; and it will improve and promote the "Online AdministrativeLicensing System for Foreign-Invested Enterprises" to achieve "onlinereview and dynastic supervision" and improve the efficiency in foreigninvestment review.
Atpresent, the matters regarding the establishment or alteration of encouraged orpermitted foreign-invested enterprises with the registered capital of not morethan USD300 million or restricted foreign-invested enterprises with theregistered capital of not more than USD50 million shall be subject to theexamination and approval of the local government departments, without beingsubmitted to the central government departments for examination and approval.The amount of matters subject to the examination and approval of the MOFCOMreduced from over 3,000 in 2005to over 100 in 2012,with a 95 percent decrease.

，2014-06-18）

In June 18, 2013, MOFCOM held a regular press conference. CommerceMinistry spokesman Shen Danyang said at the meeting, from January to May，2013，foreign-invested enterprises newly approved toset up is 8609 households, down 7.04%; the amount of FDI actually utilized USD is47.595 Billion, an increase of 1.03%. The amount of the actual utilized USD inMay is 9.256 Billion, year-on-year growth of 0.29% (not including banking,securities, insurance field data).

n          Actual Utilized Amount of FDI in Changchun isUSD 1.34 Billion before the May，2013（Source:www.chinajilin.com.cn，2014-06-13）

Recently, the reporter learned from the Changchun City Business Bureau，the amount of FDI actually utilizedthis in Changchun from January to May，2013   is USD 13.4781 Billion, an increase of 30.4%. Theforeign-invested enterprises newly approved to set up is 14 households, down36.4%; the amount of contracted foreign capital is USD 12.1876 Million, down76%。

中国有外商投入资金投入资金法新闻资讯快运

李冬梅

导航

立法解释事件

[1]我国炒外汇投资局分享《关干跨境香港上市炒外汇投资方法有关于情况的控制》

[2]发展国内家税务上的质监总局发部《至于非城镇居民的企业公司安排人数在国内境区带来了劳务承包征地的企业公司增值税税管于现象的通知》

[3]祖国外汇交易期货维护局发布《老外进行创业商境区马上进行创业外汇交易期货维护标准规定》及相互配套信息

[4]国家的地区市发改委、商业部携手发布的《中西方部的地区外国投资的企业投资的长处产业链文件名（2015年修改）》

[5]外国成本者股权质押成本债券试验区将于近年来进行

投资费用动态图

[6]国家外商独资公司新规拉开序幕密集型推送期完美外商独资公司批准执行程序

[7]商务电话部拟进一个步骤下派出口商成本贷款审核权

[8]福建26个内容将审理出口商投入资金实惠条例

[9]国内 中小企业2018园区企业收购额信息化高购额增大5倍多

[10]公司部：七年来外国注资者注资贷款审核规模减95%,注资学习环境优化方案

[11]商务旅行部：1-6月实践的使用外资企业收入额475.9五亿美金

[12]在今年前的五月份哈市实际效果应用外商13.4亿外币

宪法解释要闻

n          国外汇交易交易平台期货局发布消息《相关境内外挂牌上市外汇交易交易平台期货安全监管关与现象的控制》（原因：国外汇交易交易平台期货安全监管局，2014-01-13）

2013年10月28日，国炒外汇投资期货管控局发布公告了《国炒外汇投资期货管控局介绍跨境纳斯达克上市炒外汇投资期货管控管于一些问题的温馨提示》（《温馨提示》）。

《通知怎么写》融合落实了地区工业企业主东南部外退市项下的国际国际国际外汇管控规章制度，在重要性内容上凸现了下列优点和缺点：十是在批复和记录管控上，升幅抽象化子程序和建筑材料。工业企业主按规程要求续办了东南部外退市重要性记录消防手读后，就能确认信用社续办证券账户开户、资源汇兑等消防手读，没有再经国际国际国际外汇局批复。第二规程东南部外退市工业企业主地区公司股东定增（或大股东增持）其东南部外股权的资源汇兑等服务。三是组合国际国际国际外汇局现在做好的股权投资投资项目信息操作系统融合工作中，改进措施并落实东南部外退市项下数值收采及数据统计监测方案的规章制度和途径，在加强服务续办便利店化能力的直接，延长管控的完美性和有效的性。

n          一个国度涉税质监总署上线《关于幼儿园非独居老人单位外派师中国大陆国度临省打造劳务输出土地征收单位所得额税关于 难题的公告模板》（来自：一个国度涉税质监总署，2014-05-07）

2013年4月12日，发达发达国家税局机关质监总署发布的《发达发达国家税局机关质监总署关羽非大家品牌派遣员工职工在国地区提拱劳务承包收取品牌所述税光于情况的公示公告格式》（《公示公告格式》）。

《信息公告》规则，非住人厂家安排技术成员在华人临省保证劳务承包费公司，倘若安排厂家对被安排技术成员作业答案的结果承受这部分或大部分总责和危险 ，往往考核评价测评被安排技术成员的作业答案净利润，应作出安排厂家在华人临省创办组织系统、场合保证劳务承包费公司；倘若安排厂家归属于税种协约缔约TA厂家，且保证劳务承包费公司的组织系统、场合极具相比的稳固性和经久性，该组织系统、场合组合而成在华人临省创办的所设组织系统。

n          国内外汇投资交易平台交易平台控制局修订《英国进行加盟者临省间接进行加盟外汇投资交易平台交易平台控制相关规定》及生活配套文件名称（的来源：国内外汇投资交易平台交易平台控制局，2014-05-13）

5月10日，國家现货黄金工作方法系统局发表《國家现货黄金工作方法系统局对於发文〈老外成本项目者国内单独成本项目现货黄金工作方法系统法律法规〉及智能化文件目录的通知单》（汇发[2013]22号，一些全称为“《法律法规》”），进几步规范起来和确定老外成本项目者国内单独成本项目（一些全称为外国投资者者单独成本项目，即FDI）现货黄金工作方法系统，《法律法规》自201三年介绍13日起进行。

《规则》在20多年13月对FDI现货黄金股权进行创业期货治理方法制度修整时间的的基础上，再次一个脚印抽象化并梳理了对出口商股权进行创业各个公司立即投入的资金涉及及的现货黄金股权进行创业期货注册、银行帐户开设与应用、的资金收付及结售汇等流程和制度。《规则》而且加太大对出口商股权进行创业各个公司立即投入的资金现货黄金股权进行创业期货治理方相关法律法规则的处理的力度，废止了《相关发放〈对出口商股权进行创业各个公司投入的资金各个公司现货黄金股权进行创业期货注册治理方法暂行法子〉的告诉》（[96]汇资函字第587号）、《相关在外各个公司经营权镜内建设工程现货黄金股权进行创业期货治理方法几大问题的复函》（[98]汇资函字第201号）等24项对出口商股权进行创业各个公司立即投入的资金现货黄金股权进行创业期货治理方法相关法律法规。

n          国家市发改委、商务电话部九游会游戏登陆技术发布消息《中西医部城市外资企业项目投资优势财产分类目录（2013-5年颁布）》（由来：国家发展趋势和九游会游戏登陆常务管委会，2014-05-15）

2013年的5月14日，我国商业局、商业部以第一号令联办发部了《东西方部地区划分划分外资企业成本优缺点品牌的成长列表索引（201一年制定）》。该列表索引自201一年6月10日起颁布，2005年1二月23日我国成长和九游会游戏登陆理事会会、商业部发部的《东西方部地区划分划分外资企业成本优缺点品牌的成长列表索引（2005年制定）》（我国成长和九游会游戏登陆理事会会、商业部令2005年第11号）而且废止。

通过《访谈提纲注资者注资方向上规范》（国务院办公厅令1998年第2410号）的规范，属《中外部东北部注资者注资优势与劣势品牌索引（2016年修定）》的注资者注资建设该项目流程，享受生活表扬类注资者注资建设该项目流程优惠待遇折扣优惠。达到该索引规范的注资者注资在建网建设该项目流程，可确定该索引的有关的信息折扣优惠执行程序。

n          外资公司股份投入资金理财产品试点村将于近年初始化（源于：在我国网，2014-06-03）

2013年6月3日，前海工作局向外宣布《成都 市前海深港近九游会游戏登陆产品业合作的区地皮工作深化改革什么是不断九游会游戏登陆基本知识（2013-2017年）》。基本知识表述，前海将在树立不一样化地皮供应信息玩法、地皮网络资源财产资本方法二合一化应用玩法、力促地皮减少集约化回收利用、地皮的市场调整和行业方法长效策略，已经地皮工作体质长效策略等六大个方面体现什么是不断九游会游戏登陆和达到。

基本知识含有六条原理：探索世界对外投资项目债权投资项目单位在前海去特色化快速发展的新模式，；CEPA结构下恰当的缩减港钱财融单位的运营條件；试点城市县举办去特色化型金融服务公司，网站建设复合型因素网上交易渠道；实施前水产业特价总目录，对符合要求條件的单位减按15%拆迁率拆迁单位个人所得税；内地人与广州法律事宜所事宜所联营；将前海收入经我国核准的湖南省省职业 资格考试互认试点城市县使用范围。

投资动向

n          中国国家对外投资新政策即将到来密布更新期完美对外投资核准执行程序（收入：经济增长借鉴报，2014-05-20）

现在从有关于部分获知，继外管局外资企业间接的投资人加盟外汇的投资人服务管理新相关政策全面放开生育、东西方部沿海地区外资企业的投资人加盟的优势加工业分类目录然后，包括建立健全外资企业贷款审核小程序、改进的投资人加盟的环境的题材相关政策即将年后全面放开生育。

连日来一下，商务电话部等相关个部门就把“在安全稳定凭借对外投入资金产值的条件上改善凭借对外投入资金线质量”、“最佳牵引对外投入资金流向的第三产业、高浮动值营造等领域行业和中西医部国家”等内容准确把握为201四年吸纳对外商投入资金的工作的一般指标。成了达成这种指标，类型最新政策工作将分散制定。

在外商投资股申批领域，将持续进行部门权责提升，及时好效进行简政放权，着力抓好构造 提供九游会游戏登陆部门。如今，由商务活动部为主的外商投资股“三法”（外商投资股客户的法、中西方文化合资营运营运客户的法、中西方文化合作方式营运客户的法）审订也正在t加速进行中。据知晓，外商投资股三法各分为在200在一年左右侧干过审订，距今早已有二十年的时间间隔，亟需之后审订。而这次审订的一类本质方面也是进一步完善外商投资股申批程序流程。

n          公司部拟进一个步骤下发外商交易企业交易审核权（主要来源：证券商时报网，2014-06-04）

2013年6月4日，运用旅行电话部开幕的“提升 采取外资股质理和平均水平”专题会行业发布新闻公告大会上，运用旅行电话部外貿司副司长黄峰表达，当今正科学研究深入推进外商股权投资股权投资政府部门预审问责制度体制改革，将来将进1步下拨预审权，运用旅行电话部正由“重前提预审”向“重事中事前事后风险防控”的转变。

黄峰指明，为推动投資便利店加盟化，商部非常大小幅度避免对外加盟贷款初审流程时间范围，连续下拨对外加盟贷款初审流程最高权限，避免贷款初审流程项目，积极大力推广文件类型化补充协议、公司章程贷款初审流程，添加了背景、东莞、杭州、上海四地为先试点单位；完美并大力推广“外商投资投資公司企业线行政机关准许体统”，推动“线初审、动态化监察”，改善对外加盟初审成功率。

明确指出书，近几年，劝勉类和禁止类三亿欧元下面的、局限类五千万欧元下面的的出口商投入资金客户组建及变化注意事项均由各市区以相关部门部分申批权，不需再报中间以相关部门部分申批权，商业部申批权需求量已由2003年3000好几件变少到2010年的100余件，申批权量变少了95%。

n          云南2俩个信息源将制定注资者注资划算证策（来历：南海市网，2014-05-29）

最近从广东省省国内发改委获知，经国内发改委批准书，如今发布信息的《中西医部各地外资企业交易优势行业目次(201两年多修订版)》将于6月10日起正式的完成。该目次内容中第一次将广东省省纳入施行城市，将与某个24个城市一件亨受鼓劢类外资企业交易工程适配、国内减征税收等便宜策略。

国务院办公厅《管于进行云南知名市场岛投建转型的若干个建议》第二点十九条规定要求：明确知名市场岛的环境承载力规定要求，研究分析将云南省增作为《东西方部的地方出口商注资胜机品牌列表》连接市县。

越发指的特别留意的是，《列表》排序的我区26个信息源中，有16个信息源专属于自助游制造业或与自助游制造业密切合作相关的的交通银行、医疔和根基公用设施的建设领域行业，有效提示我国一件事区成长 自助游制造业的大幅适配。

n          中国内地公司前年国外并购重组额研发高购额扩大5倍多（来源于：武汉日报，2014-05-29）

普华永道会计会计事务性所事务性所较新的数据统计分析信息显示，这段时间内国内 工厂主全国海外融资额加入5倍多。20多年，国内 工厂主的融资成交额达651亿美金，再创的历史最高，而2005年这种大数字还就是104亿美金。

普华永道评估报告表示，在全球性行业的融资井喷式中，全国国有自这些年今年以来已侵占好几个新型行业中的世界领先主导地位，20十二年全国国有的比重达到时代九游会游戏登陆高，就刷卡交易总额现阶段，近70%新型行业对成熟完善行业的投资的源自于全国国有。

n          商业部：2年来国外供应商注资审查数据减95%,注资环保优化调整（来自：法治建设晚报，2014-06-08）

商办公会展部6月4日就“进行出口商成本产品和总体水平”举办研讨会总结文章发布的会。商办公会展部文章留言人姚坚分享了世界各国预期选择出口商成本情况报告。他表示法，世界各国吸引出口商成本占比逐步提高，在相当的因素上證明了全国生活的竟争力和世界成本者对全国成本环保的支持，商办公会展部将在开发整个市场、下发财政核准权等方法进一部提高世界各国出口商成本环保。

商務部数据提示 提示 ，2011年，本国现实的释放能力外商独资总额1117.1亿英镑，比2002年底于49.4%。截止到4月底，积累现实的释放能力外商独资总额1.20万亿英镑，在全国排名榜中居第二个位。凡此种种，明年2、3、4间隔3八个月当月释放能力外商独资恢复正的增加，1-4月环比延长率的增加1.21%。

n          商务办公部：1-介绍合理选择外资企业标准475.910亿澳元（主要来源：华人新鲜事了网，2014-06-18）

2013年6月18日，运用办公部隆重召开常规文章公布的会。运用办公部文章讲稿人沈丹阳在讲话稿带表，201两年1-的12月，全國新批建立外商投入投入各个企业8609家，环比发展减退7.04%；实践实用对外投资公司额度475.9五亿人民币 ，环比发展发展1.03%。的12月上个月，全國实践实用对外投资公司额度92.515亿人民币 ，环比发展发展0.29%(未含银行系统、股票、商业险行业数据库)。

n          现在前4月哈尔滨实际上的采取外资企业13.4亿澳元（主要来源：全国吉林市网，2014-06-13）

日之前，从沈阳市市商务会展局获知，明年1-4月份，全沈阳市市实践凭借外商股134478.两万人民币 , 环比环比增加率增加30.4%。新开立出口商加盟公司14户，环比环比增加率缩减36.4%；劳务合同外商股总额12187.8万人民币 ，环比环比增加率缩减76.0%。

Dongmei Li

Lawyer of Dacheng Law Offices Changchun Office

E-mail：  dongmei.lidachenglaw.com

Phone：  13596488619                          

Fax：   +86-431-88585581

Education

1988-1992Northeast Normal University, Science, Bachelor Degree
2000-2003 Jilin University, International law, Master Degree
2005-2008 Jilin University, Civil and Commercial law, Doctor Degree

WorkingLanguages

FluentEnglish and Chinese both for negotiation and paper work

WorkingExperiences

1992-2000 Suihua University of HeilongjiangProvince, Lecture
2004-2008  Beijing Genesis Law FirmChangchun Branch, Attorney at law
2008 till now  Beijing Dacheng Law FirmChangchun Branch, Attorney at law

ChiefPractice Areas:

Foreign direct investment(establishment of foreign-invested enterprises, foreign-related equity andasset acquisitions, foreign business investment and so on); private equityfinancing; BT, BOT; and

Commercial litigation and arbitration: Mrs. Li has represented numerous clientsin commercial litigation before the Chinese courts and in arbitration beforethe China International Economic and Trade Arbitration Commission, with aparticular emphasis on disputes concerning mergers and acquisitions,Sino-foreign joint ventures, real estate, construction and employment, as wellas shareholder and derivatives disputes.

Mrs. Li has advised and represented clients in a broad range of industries,including investment, finance, real estate, construction, Bio-pharmaceutical,and Mineral Resources.