A Foreign Venture¡¯s Application for Approval of a Contract Using its Property or Equity as Collateral

Procedure of Approval

¡¡

1. The enterprise presents documents£»
2. The person in charge makes a primary examination£»
3. The section chief checks and verifies (checks and approves)£»
4. The bureau director checks and verifies  (checks and approves)£»

   5.   To report to the province for examination and approval.

Documents for Application

Documents needed to present:

£¨1£©Application of the enterprise for using its property or equity as collateral£»

£¨2£©The original and copy of the certificate of passed annual inspection and the photocopy of business license;

£¨3£©The enterprise¡¯s balance sheet;  

£¨4£©Constitution£»

£¨5£©The name list of the board members£»

£¨6£©The asset evaluation report issued by the Chinese registered accountant, and the certificate of property pledged as collateral;

£¨7£©The decision of agreeing to use the property or equity as collateral made by the enterprise¡¯s board or its highest power institution;

£¨8£©The enterprise¡¯s original constitution and supplementary constitutions and approval documents added each times.  

£¨9£©A copy of the Secured contract;

Attention

¡¡Follow the national policies of industry

Time Promise

¡¡Within four working days

Unit in Charge

¡¡Foreign Investment Management Department

Advice Hotline

¡¡Tel£º2819360        Fax £º2819350