Law of the People's Republic of China on Chinese-foreign Equity Joint Ventures

Adopted by the Second Session of the Fifth National People s Congress on July 1,1979

Revised in the Third Session of the Seventh National People s Congress on April 4,1990

Revised for the second time in accordance with "Resomution on Revision of the Law of the People s Republic of China on Chinese-Foreign Equity Joint Venture" of the Fourth Session of the Ninth National People s Congress on March 15,2001

Article 1 With a view to expanding international economic co-operation and technical exchange, the People s Republic of China permits foreign companies,enterprises, other economic organizations or individuals(hereafter referred to as "foreign joint venturers")to joint with Chinese companies, enterprise or other economic organizations(hereafter referred to as"Chinese joint ventures")in establishing joint ventures in the People s Republic of China in accordance with the principle of equality and mutual benefit and subject to approval by the Chinese Government.

Article 2 The Chinese Government protects,in accordance with the law, the investment of foreign joint ventures, the profits due to them and their other lawful rights and interest in a joint venture, pursuant to the agreement, contract and articles of association approved by the Chinese Government.

Joint ventures shall follow the provisions of the laws and regulations of the People s Republic of China in all their activities.

Please download the PDF document for full content.

Law of the People s Republic of China on Chinese-foreign Equity Joint Ventures.pdf

Source: Invest in China
Editor: Grace
Date: 2005-4-1 14:50:00

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