《外商投资创业投资企业管理规定》英文版By商务部网站.docx

Provisions Concerning the Administration of Foreign-funded Business-starting Investment Enterprises
Chapter I General Provisions
Article 1 The present Provisions are formulated to encourage foreign-panies, enterprises and other anizations or individuals (hereinafter referred to as foreign investors) e to China to engage in business-starting investments, and to establish and perfect the mechanism of business-starting investments in China in accordance with the Law of the People's Republic of China on Chinese-foreign Contractual Joint Ventures, the Law of the People's Republic of China on Chinese-foreign Equity Joint Ventures, the Law of the People's Republic of China on Foreign-capital Enterprises, pany Law of the People's Republic of China and other related laws and regulations.
Article 2 The term "foreign-funded business-starting investment enterprise " (hereinafter referred to as FBIE" refers to the foreign-funded investment enterprises established by foreign investors or by foreign investors jointly panies, enterprises or other anizations established and registered in China in accordance with the Chinese law (hereinafter referred to as Chinese investors). To establish an FBIE shall be in conformity with the present Provisions. It shall mainly engage in business-starting investments.
Article 3 The term "business-starting investment" means making principal equity investments to high and new tech enterprises that haven't been listed in the stock market (hereinafter referred to as invested enterprises), and providing management services to them for the prospective capital gains.
Article 4 An FBIE is allowed to take the form of the non-legal-anization or the anization.
As to a non-legal-anization, the investors shall bear joint liabilities for its debts. The investors may also specify in the contract of the FBIE that: When the assets of an FBIE are not enough to clear the debts of this enterprise, the indispensable investors as stated in Article 7 shall bea