| Supplementary Provisions to the Provisional Regulations on Investment in Cinemas by Foreign Investors |
|
| 2006-03-02 17:36 mofcom |
In order to promote the establishment of closer economic partnership between Hong Kong, Macao and the Mainland of China and encourage the service providers from Hong Kong and Macao to set up enterprises engaging in film showing business in the Mainland of China, the supplemental provisions on the investment in cinemas by service providers from Hong Kong and Macao as provided for in the Provisional Regulations on Investment in Cinemas by Foreign Investors (Order No. 21 of the State Administration of Radio, Film and Television, the Ministry of Commerce and the Ministry of Culture) and in the Attachment thereof are formulated according to the Supplementary Protocol to the Mainland and Hong Kong Closer Economic Partnership Arrangement and the Supplementary Protocol to the Mainland and Macao Closer Economic Partnership Arrangement as approved by the State Council.
1. As of January 1, 2005, the service providers from Hong Kong and Macao shall be permitted to build, reconstruct and operate cinemas in the Mainland of China in the form of equity joint venture, contractual joint venture or solely-funded enterprise.
2. The service providers from Hong Kong and Macao as provided for in the present Provisions shall comply with the definitions and the relevant requirements in the Mainland and Hong Kong Closer Economic Partnership Arrangement and the Mainland and Macao Closer Economic Partnership Arrangement respectively.
3. Other matters on investment in cinemas by service providers from Hong Kong and Macao in the Mainland of China shall still follow the Provisional Regulations on Investment in Cinemas by Foreign Investors.
4. The present Provisions shall come into force as of May 8, 2005. |
