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China is one of the fastest growing global economies. It has achieved and maintained an annual compound growth rate of GDP well above 9% since the 1980s. China has become the second largest economic entity in the world by 2010. It can be expected to China is one of places attracting foreign companies and investors around the world in the foreseeable future.

In China, government authorities administer and control the process of application and approval for registration, foreign investment projects and business scope for foreign investment enterprise by exorbitant administrative measures and regulations, moreover, these exorbitant administrative regulations are variable and lack of transparency. The legal procedure of setting up a foreign investment enterprise in China, unlike in Western countries, it requires comparatively complex documents. The application and approval of foreign investment projects and business scope is the most complex procedure in the process of setting up a foreign investment enterprise in China. This is involved with not only various Chinese laws and administrative regulations but also various Chinese government authorities. Lack of knowledge of the Chinese laws and administrative regulations, and the cultural difference between China and Western countries as well as the language barriers will increase the challenge faced by foreign companies and investors. Therefore, a detailed guidance of practical operation and a comprehensive and thorough knowledge of the latest Chinese laws and regulations have been become an essential prerequisite for foreign companies and investors.

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Collection of Chinese Laws and Administrative Regulations for Application and Approval of Foreign Investment Projects and Business Scope The Invest in China Guidebook Series (4) is the fourth one of the Guidebook Series for Investing in China. It will provide the full text in England of variously existing latest in effective Chinese laws, administrative regulations and rules, and departmental regulations and rules for application and approval of foreign investment projects and business scope for foreign investment enterprise, which is associated with the third fascicle of the Guidebook Series for Investing in China—– Invest in China: A Guidebook for Application and Approval of Foreign Investment Projects and Business Scope.

Chapter 2 will introduce the framework and category of applicable Chinese laws, administrative regulations, including the departmental regulations and rules, for application and approval of foreign investment projects and business scope for foreign investment enterprise. With the help of the framework and category of various laws, administrative regulations, including the departmental rules and regulation, audience can clearly acquire a an overview of the latest Chinese laws and administrative regulations for application and approval of foreign investment projects and business scope for foreign investment enterprise, and lay the foundation for practical operation for application and approval of foreign investment projects and business scope for foreign investment enterprise.

Chapter 3 will provide the full text in England of variously existing latest in effective Chinese laws, administrative regulations and rules, and departmental regulations and rules for application and approval of foreign investment projects and business scope for foreign investment enterprise. In order to facilitate foreign investors to retrieve and understand the latest laws, administrative regulations and rules, and the departmental regulations and rules for application and approval of foreign investment projects and business scope of foreign investment enterprises that are in effective until now, these laws, administrative regulations and rules, and the departmental regulations and rules will be collected as two categories. The first category is involved with the application and approval of foreign investment projects. The second category is involved with the application and approval of business scope. Owing to the application and approval of business scope is governed by numerously individual administrative regulations or rules, as well as the measures for case issued by the State Council, the Ministry of Commerce and the sector’s competent authorities according to the foreign investment enterprise engaging in sector, so that the second category further is divided into some sub-categories, such as financial fields, commercial fields, service fields, as well as mineral resources exploration and exploitation fields. Then every sub-category further is divided into several specific categories in manner for case by case, such as bank, insurance company, commercial company, travel agency, logistic company, conference exhibit company, city planning service company, printing company, civil aviation company, direct marketing company, and so on.

After have skimmed through this guidebook, audience can clearly aware of a comprehensive and thorough knowledge of the latest Chinese laws and administrative regulations for application and approval of foreign investment projects and business scope for foreign investment enterprise, and begin the practical operation for application and approval of foreign investment projects and business scope for foreign investment enterprise with the Chinese government authorities smoothly.

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