Establishment of Foreign-Funded Financial Leasing Enterprises within China (Tianjin) Pilot Free Trade Zone

 2018-06-14  29


Announcement of the Tianjin Commission of Commerce on the Recordation Administration of the Establishment of Foreign-Funded Financial Leasing Enterprises within China (Tianjin) Pilot Free Trade Zone


· Document Number:No. 2 [2016] of the Tianjin Commission of Commerce

· Area of Law: China (Tianjin) Pilot Free Trade Zone Leasing

· Level of Authority: Local Regulatory Documents

· Status: Effective

· Issuing Authority: Other Institutions of Tianjin Municipality

 

Announcement of the Tianjin Commission of Commerce on the Recordation Administration of the Establishment of Foreign-Funded Financial Leasing Enterprises within China (Tianjin) Pilot Free Trade Zone
(No. 2 [2016] of the Tianjin Commission of Commerce)
With the approval of the state, the management mode of pre-establishment national treatment plus negative list for foreign investment shall be adopted in China (Tianjin) Pilot Free Trade Zone (“TJFTZ”) as of May 8, 2015. Foreign investors that establish foreign-funded financial leasing enterprises within the TJFTZ shall be subject to recordation instead of examination and approval, and the Recordation Certificate of Foreign-Funded Enterprises shall be directly issued by the administrations of various areas of the TJFTZ. After registration, foreign-funded financial leasing enterprises within the TJFTZ may undergo various formalities on the basis of their recordation certificates and business licenses, and are no longer required to obtain replies issued by the Tianjin Commission of Commerce.