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State Council Reduces Capital Threshold for Foreign Telcos

China Business News, 9/16/08

The State Council has announced revisions to its "Administrative Regulations on Foreign Investment in Telecommunication Enterprises".

Under the changes, the required registered capital for foreign firms providing basic telecommunications service nationwide or in provinces, autonomous regions and directly-administered municipalities will be reduced from RMB 200 mln to RMB 100 mln. The registered capital required for value-added telecommunications service providers has been lowered to RMB 10 mln.

The Ministry of Industry and Information Technology (MIIT) will have 180 and 90 days to review applications by foreign-invested telecommunications enterprises and value-added service providers, respectively. The final approval for these projects will be transferred to the State Council's National Development and Reform Commission (NDRC).

Keywords: market entry MIIT NDRC telecom regulation VAS

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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.

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