Management Regulations of Foreign Investors in Distributing Books, Newspapers and Periodicals
www.chinaview.cn
2003-04-07 09:47
"Management Regulations of Foreign
Investors distributing Books, Newspapers and Periodicals" has been worked out
according to law by Press and Publishing Administration and the Ministry of
Foreign Trade and Economic Cooperation of the People's Republic of China and
will take effect as of May 1, 2003.
The regulations aimed at
developing foreign exchange and cooperation and improving the management of
related enterprises. It is suited to foreign enterprises investing in
distribution of books, newspapers and periodicals in China.
A
wholesale enterprise of distributing books, newspapers and periodicals should
have business area no less than 50 square meters, business area of independent
place no less than 500 square meters, registered fund no less than 30 million
RMB. A retail enterprise should have registered fund no less than 5 million RMB.
Both wholesale and retail enterprises should also have the ability of
distributing books, newspapers and periodicals, non-illegal record, occupational
credentials and permanent business place. The business term is no longer than 30
years.
Investors should apply for establishing a distribution
enterprise to press distribution administrative agencies of the province,
autonomous region, and municipality directly under the Central Government where
the enterprise locates. The application will be examined and approved by press
publishing agencies, foreign trade and economic administrative agencies of
province, autonomous region, municipality directly under the Central Government
and State Counsel. Enditem (english.mofcom.gov.cn)
|
|
|
|
|
|
|
|
|
|
|
|
