China Pledges to Reduce Registered Capital Requirements

China Business News, 12/12/07

At the 8th China-US Joint Commission on Commerce and Trade yesterday, China undertook to reduce registered capital requirements for US telecommunication service providers investing in China.

Editor's note: According to MII regulations, national or cross-provincial telecoms infrastructure operators must have registered capital of at least RMB 2 bln. National or cross-provincial operators of value-added telecoms services must have registered capital of at least RMB 10 mln. Provincial-level operators of telecoms infrastructure must have registered capital of at least RMB 200 mln, while provincial-level value-added telecoms service operators need registered capital of at least RMB 1 mln.

Keywords: China-US Joint Commission on Commerce and Trade policy regulation telecom trade barrier

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily