Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
New regs on foreign investment in advertising firms take effect
Adjust font size:

China's newly-revised administrative regulations on foreign investment in advertising enterprises came into effect on Wednesday.

The regulations, jointly promulgated by the State Administration for Industry and Commerce (SAIC) and Ministry of Commerce (MOC), were set to replace the former regulations issued by SAIC and MOC on March 2, 2004.

Under the new regulations, foreign-invested advertising enterprises can engage in design, production, publication and some other types of advertising businesses for both domestic and overseas costumers after receiving official approval.

A Sino-foreign advertising joint venture can be established on the condition that all investing parties are the enterprises engaging in advertising business and having been operating for more than two years.

For the establishment of a wholly foreign-owned advertising enterprise, the investor is required to be an enterprise with advertising as its main business and also has been in operation for over three years.

A foreign-invested advertising enterprise is qualified to apply the establishment of a branch in China, only if it has the full amount of its registered capital paid up, and with a minimal annual operating turnover of 20 million yuan (2.9 million US dollars).

(Xinhua News Agency October 2, 2008)

Tools: Save | Print | E-mail | Most Read
Pet Name
China Archives
Related >>
- Spending on advertising soars in China for first half
- British athletes bare all for advertising campaign
- Beijing tightens up Olympic advertising
- WHO calls for total ban on tobacco advertising
- Online advertising market nears 11 bln yuan
- Beijing becomes China's largest advertising market
- Sina reports profit surge on strong advertising sales
Most Viewed >>
- China welcomes US rescue plan
- US House approves historic financial bailout plan
- House prices may continue to fall for 10 years to come
- Experts: China little affected by US financial crisis
- Vice premier stresses production safety
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?