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Trade and Industry Department The Government of the Hong Kong Special Administrative Region
Brand Hong Kong - Asia world city
MY COLOUR

 

Commercial Information Circulars

24-hour hotline : 23 922 922

e-mail address : enquiry@tid.gov.hk

Ref : EIC 631/2/8

18 March 2004

Dear Sirs,

 

Commercial Information Circular No.73/2004

The Mainland of China :Administrative Provisions on Foreign-invested Advertising Enterprises

The Ministry of Commerce and the State Administration for Industry and Commerce promulgated the "Administrative Provisions on Foreign-invested Advertising Enterprises, which came into force on 2 March 2004. The Provisions set out the requirements and procedures of setting up foreign-invested advertising enterprises. Since the implementation of the Provisions, the Mainland allows foreign investors to own shares up to 70% of the total shares in Chinese-foreign joint venture enterprises on advertising business. The Mainland will allow the setting up of wholly foreign-owned advertising enterprises with effect from 10 December 2005.

  1. According to the "Mainland and Hong Kong Closer Economic Partnership Arrangement", the Provisions allow Hong Kong service suppliers to set up wholly foreign-owned advertising enterprises in the Mainland with effect from 1 January 2004.
     

  2. A copy of the Provisions is attached at Annex for reference.

ENQUIRIES

  1. If you have any questions on the content of this circular, please contact Ms. Eugenia CHAN at 2398 5444.

 

Yours faithfully,

 

(Miss Cindy CK CHENG)

for Director-General of Trade and Industry



Note : While every effort is made to ensure the accuracy of the above information, the Department cannot guarantee this to be so and will not be held liable for any reliance placed on the same.