Notice of the Economy, Trade and Information Committee of Shenzhen Municipality on Further Improving the Work on the Foreign Investment in Real Estate

· Area of Law： Real Estate

· Level of Authority： Local Regulatory Documents

· Date issued：01-06-2016

· Effective Date：01-06-2016

· Status： Effective

· Issuing Authority： Other Institutions of Shenzhen City

Notice of the Economy, Trade and Information Committee of Shenzhen Municipality on Further Improving the Work on the Foreign Investment in Real Estate
All relevant enterprises:
For purposes of effectively implementing the relevant requirements of the Notice of the Ministry of Commerce and the State Administration of Foreign Exchange on Further Improving the Recordation of Foreign Investment in Real Estate (Letter No. 895 [2015] of the Ministry of Commerce), enhancing work efficiency, promoting the sound and stable development of the real estate market, and further improving the administration of foreign investment in real estate in Shenzhen Municipality, the relevant matters are announced as follows:
I. The Economy, Trade and Information Committee of Shenzhen Municipality shall be responsible for handing the approval and recordation of the formation or modification of foreign-funded real estate enterprises within the scope of Shenzhen Municipality, except in the Qianhai & Shekou Area of China (Guangdong) Pilot Free Trade Zone (“GDFTZ”). The administrative authority of the GDFTZ shall, in accordance with the laws, regulations and rules on foreign investment and the relevant provisions of the GDFTZ on foreign investment, be responsible for handling the work on foreign investment in real estate in in the Qianhai & Shekou Area of the GDFTZ. The administrative authority of the GDFTZ shall fill out the relevant information on real estate projects in the integrated foreign investment management information system of the Ministry of Commerce as required.
II. An enterprise shall, when undergoing the approval formalities (or recordation formalities in the GDFTZ) for formation or modification of foreign-funded real estate enterprises, truthfully fill out and submit the Form on the Recordation of Foreign Investment in Real Estate (see Annex 1).
III. An enterprise shall retain its recordation materials on foreign investment in real estate (see Annex 2). For the purpose of strengthening ex post supervision, an enterprise shall, within two working days of receipt of the notice of the Ministry of Commerce on random check, submit its recordation materials to the Economy, Trade and Information Committee of Shenzhen Municipality.
IV. An enterprise shall be independently responsible for the authenticity and accuracy of the submitted matters and recordation materials.
V. This Notice shall come into force on the date of issuance.
Annexes: 1. Form on the Recordation of Foreign Investment in Real Estate (Omitted)
2. Recordation Materials on Foreign Investment in Real Estate
Economy, Trade and Information Committee of Shenzhen Municipality
January 6, 2016