| YANGZHOU ECONOMIC DEVELOPMENT ZONE(YZEDZ) ENGLISH VERSION CHINESE(GB) VERSION CHINESE(BIG5) VERSION We are looking forward to cooperate with you! |
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 Geographic Location1.Brief Introduction to Yangzhou 2.Brief Introduction to YZEDZ 3.Glance at YZEDZ
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Main Forms of Investment 1.Sino-foreign Joint Venture Sino-foreign Joint Venture is an economic entity in which foreign companies, enterprises and other economic organizations or individuals and Chinese companies, enterprises and other economic organizations co-invest,co-manage and share their own gains and losses on the prin- ciple of equality and mutual benefits. According to China's Joint Venture Law, Joint Ventures are protected by Chinese constitution and come within its juridiction.The minimum registercd capital of foreign investment ratio is 25%. Both sides can invest in the form ofindus-trial property right, special techniques, right to use of land area as well as currency, equipment, buildings, workshops and other materials. Both sides mustn't withdraw their capital during their co-operation. They share their gains and losses in proportion to their invested capital. In general, their co-operative investment period is 10-30 years. On special occasions where they need a long time, or have low interest rate or set up some competitive projects on the world market, time can be expandcd to 50 years or even longer. 2.Sino-foreign Contractual Enterprise Sino-foreign Contractual enterprise is an economic entity where obligations, rights and responsibilities are determined in the form of contract. This form is simple, flexible, and an agreemcnt easy to arrive at. The contractualenterprises must be approved by the Chinese government and is adminstered and protected in the light of Chinese constitution. The specific details are: Chinese co-operator provides right to use of land, labour forcc, natural resources, buildings, equip- ment, facilities and some capital if available, while foreign co-operator. funds, techniques, mainequipment and materials. On the principle of equality and mutual benefits, both sides co-operatively set up different enterprises. This kind of enterprise can have a shared legal representative or no legal representative. Each is responsible for its own affairs. They get their share of profits not totally according to their invested capital amount, but according to the way of investment and distribution proportion, in other words. according to their contract. 3.Foreign-funded Enterprises Foreign-funded enterprise refer to foreign companies, enterprises and other economic organizations and individuals who, independently, set up and manage their enterprises with all the capital from abroad.They must be approved by Chinese government and observe Chinese law items involved. This kind of enterprises must register in China and have its own legal representative. It is adminstered and protected by Chinese constitution and enjoys high autonomy. These forms of investment apply both to foreign investors and to investors from Taiwan,Hongkong and Macao.Besides. overseas Chinese can purchase stock, bonds and housing property right, develop the land resources and have some other forms of investment. |