三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / China

Foreign companies falling foul of investment rules

By Zhou Wenting in Shanghai | China Daily | Updated: 2013-11-22 07:18

Some foreign companies investing in China have made financial losses due to a lack of understanding of the country's laws and regulations, a Shanghai court has revealed after reviewing commercial cases involving foreign companies over the past four years.

"Some investors didn't know that foreign companies could only invest in particular sectors after obtaining permission from the relevant administrations, which led to various illegal practices and disputes," said Chen Jianwei, vice-president of Huangpu District People's Court in Shanghai.

The court accepted 152 commercial cases concerning foreign companies from 2009 to 2012, with the number rising each year during this period. The amount of money involved in such cases rose by more than 94 percent each year, reaching nearly 44 million yuan ($7 million) last year.

"The growing number of cases shows the prosperity of foreign trade and investment in Shanghai in recent years and reflects the need for better guidance for foreign companies on how to abide by the laws, as well as the creation of a fair and orderly legal environment," Chen said.

In one case in 2011, Yang Shu Hwei, a citizen of the United States, signed a business contract with the defendant, Shanghai Qitong Hutong Electronic Seal Safety Certification Co Ltd. Yang paid 5 million yuan to obtain the franchise rights of the company's products.

However, the arrangement failed because the police department does not allow foreign companies to invest in the safety certification of electronic seals. Yang filed a lawsuit against the company but lost the case.

Some foreign firms have attempted to invest in areas that are prohibited to foreign investors by disguising their true intentions behind a seemingly legal cover operation.

In some cases, foreign companies have held shares in a domestic company under the name of another Chinese company to circumvent the strict rules against overseas-funded enterprises merging with domestic ones.

One case in May 2011 demonstrates this practice well. The Huangpu court ruled that Tan Teow Feng, a woman from Singapore, was not a shareholder in the company Shanghai Aotian, which counted bars and hotels among its key businesses.

"She purchased equity in the company and registered it under the name of a Shanghai-based domestic business, but the court ruled that the equity transfer contract was invalid because it goes against Chinese law," said Shen Lan, a presiding judge with a civil adjudication tribunal at the court.

"Foreign businesspeople should fully investigate which industries they are encouraged and allowed to invest in by the authorities. Regarding those areas that prohibit foreign funding, investors should not take any risks in the pursuit of economic gain," Shen said.

Zhang Min, director of the district's commerce commission, said the commission will be investigating the backgrounds and qualifications of foreign investors more closely in future before providing them with approval to conduct business.

zhouwenting@chinadaily.com.cn

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 成人午夜国产福到在线 | 尤物视频免费观看 | 久久精品国产999久久久 | 中国一级毛片免费看视频 | 国产在亚洲线视频观看 | 91青青草| 久久91精品国产91久久麻豆 | 国产在线视频一区 | 精品哟哟哟国产在线观看不卡 | 麻豆精品久久精品色综合 | 亚洲一区二区精品推荐 | 国语精品视频在线观看不卡 | 亚洲欧洲精品国产区 | 亚洲国产精品久久网午夜 | 国产高清大尺度一区二区不卡 | 黄色小视频在线观看 | 青青热久免费精品视频网站 | 麻豆国产在线视频 | 五月综合视频 | 老湿机一区午夜精品免费福利 | pans国产大尺度私密拍摄视频 | 欧美成人一级视频 | 久久在线视频播放 | 黄污在线观看 | 国产三级全黄 | 国产精品久久久久久吹潮 | 免费三级黄色 | 国产911情侣拍拍在线播放 | 色综合久久天天综合绕观看 | 免费又黄又硬又大爽日本 | 91精品国产综合久久婷婷 | 国产色图片 | 曰韩在线 | 国产成人免费影片在线观看 | 美女一级视频 | 一级毛片美国一级j毛片不卡 | 尤物视频免费在线观看 | 午夜精品在线观看 | 亚洲 国产精品 日韩 | 北岛玲日韩精品一区二区三区 | 黄色一及片 |