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Tuesday, August 2, 2011
Monday, August 1, 2011
Provisions on the Administration of Foreign-Invested | Cyber Law China
???????????????????? Provisions on the Administration of Foreign-Invested
Topics Foreign Investment ,? Licensing and Fees ,? Registration ,? Telecommunications?
Regions National?
AgenciesStateCouncil?
Published Date2001-12-04
Effective Date2001-12-31
Submit Date2005-03-05
? Translated by Paul, Weiss, Rifkind, Wharton & Garrison
www.paulweiss.com
Decree No. 333 of the State Council of the People?s Republic ofChina
The Provisions on the Administration of Foreign-Invested Telecommunications Enterprises have been adopted at the 49th regular meeting of the State Council on December 5, 2001.? It is hereby promulgated and shall be implemented as of January 1, 2002.
Zhu Rongji, Prime Minister
December 11, 2001
Provisions on the Administration of Foreign-Invested
Telecommunications Enterprises
Article 1. These Provisions are formulated in accordance with the relevant laws and administrative regulations governing foreign investment and the Telecommunications Regulations of the People?s Republic ofChina(the ?Telecommunications Regulations?) in order to meet the needs of opening the telecommunications industry to the outside world and promote the development of the telecommunications industry.
Article 2. Foreign-invested telecommunications enterprises refer to enterprises that operate telecommunication businesses jointly established? in accordance with law by foreign and Chinese investors in the People?s Republic ofChinain the form of Chinese-foreign equity joint ventures.
Article 3. Foreign-invested telecommunications enterprises that engage in the operation of telecommunications businesses shall, in addition to these Provisions, comply with the provisions of the Telecommunications Regulations and other relevant laws and administrative regulations.
Article 4. Foreign-invested enterprises may engage in basic telecommunications businesses and value-added telecommunication businesses.? The specific distinction between the categories of telecommunications businesses set out in the Telecommunications Regulations shall apply.
The geographic scope in which foreign-invested telecommunications enterprises may operate shall be determined by the supervisory department for the information industry under the State Council in accordance with the relevant provisions.
Article 5. The registered capital of a foreign-invested telecommunications enterprise shall comply with the following provisions:
(1) The minimum amount of the registered capital of a foreign-invested telecommunications enterprise operating a telecommunications business nationwide or in several provinces, autonomous regions or municipalities directly under the central government shall be RMB2 billion in the case of a basic telecommunications business or RMB 10 million in the case of a value-added telecommunications business.
(2) The minimum amount of the registered capital of a foreign-invested telecommunications enterprise which operates a telecommunications business within one province, autonomous region or municipality directly under the central government shall be RMB200 million in the case of a basic telecommunications business or RMB 1 million in the case of a value-added telecommunications business.
Article 6. The capital contribution ratio of the foreign investor in a foreign-invested telecommunications enterprise operating a basic telecommunications business (other than wireless paging business) shall ultimately not exceed 49%.
The capital contribution ratio of the foreign investor in a foreign-invested telecommunications enterprise operating a value-added telecommunications business (including the basic telecommunications business of wireless paging) shall ultimately not exceed 50%.
The capital contribution ratio between the Chinese and the foreign investor of a foreign-invested telecommunications enterprise in different periods shall be determined by the supervisory department for the information industry under the State Council in accordance with the relevant provisions.
Article7.To operate a telecommunications business, foreign-invested telecommunications enterprises shall satisfy the conditions for the operation of basic telecommunications businesses or value-added telecommunications businesses set forth in the Telecommunications Regulations in addition to the conditions set forth in Articles 4, 5 and 6 of these Provisions.
Article 8. The principal Chinese investor of a foreign-invested telecommunications enterprise operating a basic telecommunications business shall satisfy the following conditions:
(1) be a company establish in accordance with law;
(2) have appropriate funds and specialized staff for operating activities;
(3)meet the prudential and industry-specific? requirements stipulated by the supervisory department for the information industry under the State Council.
The principal Chinese investor of a foreign-invested telecommunications enterprise referred to in the preceding paragraph means the investor who makes the largest amount of capital contribution among all Chinese investors and whose capital contribution accounts for over 30% of the total amount of capital contributions of all Chinese investors.
Article 9. The principal foreign investor of a foreign-invested telecommunications enterprise operating a basic telecommunications business shall satisfy the following conditions:
(1) have enterprise legal person status;
(2) have obtained an operating permit for basic telecommunications businesses in its country or territory of incorporation;
(3) have appropriate funds and specialized staff for operating activities;
(4)have a good record and operating experience in basic telecommunications businesses.
The principal foreign investor of a foreign-invested telecommunications enterprise referred to in the preceding paragraph means the investor who makes the largest amount of capital contribution among all foreign investors and whose capital contribution accounts for over 30% of the total amount of capital contributions of all foreign investors.
Article 10. The principal foreign investor of a foreign-invested telecommunications enterprise operating a value-added telecommunications business shall have a good record and operating experience in value-added telecommunications business.
Article 11. For the establishment of a foreign-invested telecommunications enterprise operating a basic telecommunications business or operating a value-added telecommunications business in several provinces, autonomous regions or municipalities directly under the central government, the principal Chinese investor shall submit an application and the following documents to the supervisory department for the information industry under the State Council:
(1) a project proposal;
(2) a feasibility study report;
(3) qualification documents or relevant confirmation documents of the investors of the joint venture as set forth in Articles 8, 9 and 10 hereof; and
(4)supporting documents or confirmation documents regarding other conditions necessary for operating basic or value-added telecommunications businesses as set forth in the Telecommunications Regulations.
The supervisory department for the information industry under the State Council shall examine the above documents from the date of its receipt of the application.? If the application is for operating a basic telecommunications business, it shall within 180 days complete the examination and decide to grant or refuse approval.? If the application is for operating a value-added telecommunications business, it shall complete the examination within 90 days and decide to grant or refuse approval.? Where approval is granted, an Examination and Approval Opinion For the Operation of Telecommunications Business With Foreign Investment will be issued; where approval is refused, the applicant shall be notified and reasons specified in writing.
Article 12. For the establishment of a foreign-invested telecommunications enterprise operating a basic telecommunications business or operating a value-added telecommunications business in several provinces, autonomous regions or municipalities directly under the central government, when its principal Chinese investor submits an application in accordance with Article 11 hereof, it may, based on the actual situation, first submit documents other than the feasibility study report, and submit the feasibility study report after the examination, acceptance and written notification by the supervisory department for the information industry under the State Council.? However, the interval between the date on which the notice of examination and acceptance is issued and the date on which the feasibility study report is submitted shall not exceed one year and such period will not be included in the stipulated time limit for examination and approval.
Article 13. For the establishment of a foreign-invested telecommunications enterprise operating a value-added telecommunications business within one province, autonomous region or municipality directly under the central government, its principal Chinese investor shall submit an application and the following documents to the telecommunications administration authority of the province, autonomous region or municipality directly under the central government:
(1) a feasibility study report;
(2) qualification documents or relevant confirmation documents as set forth in Article 10 hereof; and
(3) supporting documents or confirmation documents regarding other conditions necessary for operating value-added telecommunications businesses as set forth in the Telecommunications Regulations.
The telecommunications administration authority of the province, autonomous region or municipality directly under the central government shall sign its opinion within 60 days from the date of its receipt of the application.? If it consents to the application, it shall forward the application to the supervisory department for the information industry under the State Council.? If it does not consent to the application, it shall notify the applicant and specify reasons in writing.
The supervisory department for the information industry under the State Council shall complete the examination within 30 days from the date of its receipt of the application documents with the signature for consent by the telecommunications administration authority of the province, autonomous region or municipality directly under the central government and decide to grant or refuse approval.? Where approval is granted, an Examination and Approval Opinion For the Operation of Telecommunications Business With Foreign Investment will be issued; where approval is refused, the applicant shall be notified and reasons specified in writing.
Article 14.The main content of the project proposal for a foreign-invested telecommunications enterprise shall include: names and basic condition of the parties to the joint venture, the total amount of investment, registered capital, investment ratios each party, categories of businesses for which the application is made and joint venture term of the proposed enterprise.
The main content of the feasibility study report of a foreign-invested telecommunications enterprise shall include: the basic condition, service items, business projections and development plans, analysis of investment returns and anticipated business hours of the proposed enterprise.
Article 15. If, in accordance with the relevant provisions of the State, the investment project to establish a foreign-invested telecommunications enterprise must be examined and approved by the department in charge of planning under the State Council or the department for general administration of the economy under the State Council, the supervisory department for the information industry under the State Council shall forward the application documents to the department in charge of planning under the State Council or the department for general administration of the economy under the State Council for examination and approval before issuing the Examination and Approval Opinion For the Operation of Telecommunications Business With Foreign Investment.? With respect to investment projects forwarded to the department in charge of planning under the State Council or the department for general administration of the economy under the State Council for examination and approval, the period for examination and approval may be extended by 30 days.
Article 16. For the establishment of a foreign-invested telecommunications enterprise, in the case of a foreign-invested telecommunications enterprise operating a basic telecommunications business or operating a value-added telecommunications businesses in several provinces, autonomous regions and municipalities directly under the central government, the principal Chinese investor shall submit the contract and the articles of association for the proposed foreign-invested telecommunications enterprise to the department in charge of foreign economic relations and trade under the State Council on the strength of the Examination and Approval Opinion For the Operation of Telecommunications Business With Foreign Investment; in the case of a foreign-invested telecommunications enterprise operating a value-added telecommunication business within one province, autonomous region or municipality directly under the central government, the principal Chinese investor shall submit the contract and the articles of association for the proposed foreign-invested telecommunications enterprise to the department in charge of foreign economic relations and trade of the people?s government of the province, autonomous region or municipality directly under the central government on the strength of the Examination and Approval Opinion for the Operation of Telecommunications Business with Foreign Investment.
The department in charge of foreign economic relations and trade under the State Council and the departments in charge of foreign economic relations and trade of the people?s governments of the provinces, autonomous regions and municipalities directly under the central government shall complete the examination and approval within 90 days from the date of receipt of the contract and the articles of association for the proposed foreign-invested telecommunications enterprise and decide to grant or refuse approval.? Where approval is granted, a Foreign-Invested Enterprise Approval Certificate will be issued; where approval is refused, the applicant shall be notified and reasons specified in writing.
Article 17.The principal Chinese investor of the foreign-invested telecommunications enterprise shall handle the procedure for the Operating Permit for Telecommunications Business with the supervisory department for the information industry under the State Council on the strength of the Foreign-Invested Enterprise Approval Certificate.
The principal Chinese investor of the foreign-invested telecommunications enterprise shall handle the procedure for registration of the foreign-invested telecommunications enterprise with the administrative department of industry and commerce on the strength of the Foreign-Invested Enterprise Approval Certificate and the Operating Permit for Telecommunications Business.
Article18.To operate an international telecommunications business, a foreign-invested telecommunications enterprise must be approved by the supervisory department for the information industry under the State Council and operate through the International Telecommunications Exit and Access Bureau established with the approval of the supervisory department for the information industry under the State Council.
Article 19. If a foreign-invested telecommunications enterprise violates the provisions of Article 6, the supervisory department for the information industry under the State Council shall order it to correct the situation within a prescribed time limit and impose a fine between RMB 100,000 and RMB 500,000.? If the correction is not made within the prescribed time limit, its Operating Permit for Telecommunications Business shall be revoked by the supervisory department for the information industry under the State Council, and its Foreign-Invested Enterprise Approval Certificate shall be cancelled by the supervisory department for foreign economic relations and trade which originally issued the same.
Article 20. If a foreign-invested telecommunications enterprise violates the provisions of Article 18, the supervisory department for the information industry under the State Council shall order it to correct the situation within a prescribed time limit and impose a fine of between RMB 200,000 and RMB 1,000,000.? If the correction is not made within the prescribed time limit, its Operating Permit for Telecommunications Business shall be revoked by the supervisory department for the information industry under the State Council, and its Foreign-Invested Enterprise Approval Certificate shall be cancelled by the supervisory department for foreign economic relations and trade which originally issued the same.
Article 21.If approval of an application to establish a foreign-invested telecommunications enterprise is fraudulently obtained by submitting false or forged qualification certificates or confirmation documents, the approval shall be void, a fine between RMB 200,000 and RMB 1,000,000 shall be imposed and the Operating Permit for Telecommunication Business shall be revoked by the supervisory department for the information industry under the State Council, and the Foreign-Invested Enterprise Approval Certificate shall be cancelled by the supervisory department for foreign economic relations and trade which originally issued the same.
Article 22. If a foreign-invested telecommunications enterprise violates the Telecommunications Regulations and other relevant laws and administrative regulations in the operation of telecommunications businesses, it shall be punished by the relevant authorities according to law.
Article 23. ?Overseas listings by domestic telecommunications enterprises must be examined and agreed by the supervisory department for the information industry under the State Council and approved in accordance with the relevant provisions of the State.
Article 24. These Provisions shall apply by reference to companies and enterprises of the Hong Kong Special Administrative Region, Macau Special Administrative Region and Taiwan Area investing in telecommunications businesses in mainlandChina.
Article 25. These Provisions shall be implemented as of January 1, 2002.
?
Honda's quarterly profit plunges on disaster (AP)
TOKYO ? Honda's quarterly profit plunged nearly 90 percent after the quake in northeastern Japan hammered production and sales, but the automaker raised full-year forecasts as its confidence in a recovery mounts.
Honda Motor Co. said Monday its April-June profit tumbled to 31.7 billion yen ($406 million) from 272.4 billion yen a year earlier. Japan's No. 3 automaker said it managed to remain in the black thanks to its growing motorcycle business.
Tokyo-based Honda, which makes the Odyssey minivan and Fit subcompact, now expects a 230 billion yen ($2.9 billion) profit for the fiscal year ending March 2012.
That is less than half of Honda's 534 billion yen profit in the previous fiscal year, but is better than the 195 billion yen ($2.5 billion) it forecast in June.
Honda also raised its annual sales projection to 8.7 trillion yen ($112 billion), down 3 percent from the previous year, but better than the 8.3 trillion yen ($106 billion) it expected in June.
The manufacturer expects to sell 3.435 million vehicles worldwide, some 135,000 more than it had given as its forecast in June. It sold 3.512 million vehicles the previous fiscal year.
Honda's motorcycle business is booming, and the automaker expects to sell 12.7 million motorcycles for the fiscal year through March 2012, up from 11.45 million the previous year. That's also better than its earlier forecast to sell 12.645 million motorcycles this fiscal year.
Production at all of Japan's automakers was disrupted after parts suppliers were damaged in northeastern Japan by the March 11 earthquake and tsunami.
Honda's quarterly sales dropped 27 percent to 1.7 trillion yen ($22 billion).
Weighing on the bottom line of Japanese automakers is the strong yen, which erodes the value of overseas earnings.
Honda is counting on the dollar trading at 80 yen for this fiscal year, but the greenback has slid to below 80 yen in recent weeks. An unfavorable exchange rate erased 22.5 billion yen ($288 million) from Honda's operating profit in the latest quarter.
But Honda and others are saying that recovery from the disasters is coming quicker than expected, and production levels are projected to return to normal later this year. Strong growth momentum from markets such as China, Southeast Asia and India is also helping.
Mitsubishi Motors, which also released results Monday, said it sprang back into the black for the first quarter as growth in emerging markets offset quake damage. It posted a 4.3 billion yen ($55 million) profit for the April-June period compared with a loss of 11.8 billion yen a year earlier.
The Tokyo-based manufacturer of the i-MiEV electric car left its annual forecast unchanged at a 20 billion yen ($256 million) profit, pointing to uncertainties in the global economy.
Last week, Nissan Motor Co., Japan's No. 2 automaker, reported a smaller-than-expected 20 percent drop in quarterly profit at 85 billion yen ($1 billion). Chief Executive Carlos Ghosn said the result showed Nissan's resilience despite the odds.
Nissan, based in Yokohama, stuck to its forecast for annual profit to fall 15.4 percent to 270 billion yen ($3.5 billion) in the fiscal year ending March 2012. But it is expecting vehicle sales to rise 9.9 percent to 4.6 million vehicles, a record for Nissan.
Mazda reported its third straight quarter of red ink, suffering a 25.5 billion yen ($327 million) loss, but expects to return to the black in the fiscal year ending March 2012.
The maker of the Miata and RX-8 sportscars expects to sell more vehicles than the previous year at 1.3 million vehicles, up 2.6 percent on year, with much of the momentum coming from China.
Toyota Motor Corp., the world's biggest automaker, reports earnings Tuesday.
A possible electricity shortage is another concern for Japanese automakers, but they appear to be keeping that under control by taking Thursday and Friday off and cranking up their assembly lines on weekends.
Japanese companies are trying to reduce electricity consumption by 15 percent after the March disaster sent several reactors at Fukushima Dai-ichi nuclear plant into meltdown. Another plant in central Japan has also been temporarily shut down because of quake concerns.
Honda stock rose 1.5 percent to 3,125 yen, while Mitsubishi Motors gained nearly 2 percent to 103 yen. Both companies' earnings were announced after trading ended in Tokyo.
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No Need To Worry About Having An STD Test :Fitness And Health Home
Saturday, July 30th, 2011 at 6:51 am ?
Normal 0 false false false EN-US X-NONE X-NONE
Take into consideration this entire content, which tells a little portion about myself and also my past experiences, as a present from me in order that you simply will know a factor or two regarding the procedures within std test, primarily those which can be performed in men. Frankly speaking, I like having sex and also having a number of sexual partners. Before I scare you off, I ought to indicate that I run through routine testing have in order to make sure that I am completely no cost from any STD disease. Sad to say, going through an STD testing is way too tricky for quite a few other persons! And with that I have to say, do you might have any type of expertise of having a check-up from a medical expert for certain light illness (e.g. colds, headaches, and so on.)? Obtaining an STD check-up just isn?t several from pretty much any other medical test so there?s nothing to fear about whatsoever!
Certainly, not all men and women is asked to get an STD check-up, but there is certainly very a considerable number of men and girls who have to have it but doesn?t know a complete lot over it. I would say to be a skilled individual in this topic, despite the fact that I don?t prefer to create it appears glamorous, and here I will absolutely talk about with you what I know perfect. Why don?t we begin with the fundamental? To begin, working on some residence analysis by your self won?t hurt you. What I mean may be the fact if you have discovered a modest mark or perhaps a likely indicator, wait about for a couple of days and observe if that mark has gone away. You could in fact perform a modest analysis about such sign over the net. When the mark sticks around, it is actually ideal to tap the support of a medical physician rapidly.
My main reason for the check-up is for preventative purposes, so I see to it that I am secure. That is why I would constantly pay a check out to my favored confidential STD testing clinic. To those people who?re not especially conscious with this type of medical center, here is often a brief detail on them. A confidential STD testing clinic is a private clinic where one might possibly get sexually transmitted illness tests carried out by means of appointments. Such clinics are tremendously private, can present you rapidly outcomes and are much less pricey than the other approaches of having tested for STD. A further terrific benefit of going into this private STD testing clinic is that persons there are experts and there won?t be any individual who will glare at you.
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Source: http://www.fitnessandhealthhome.com/wellness/disease/10361-no-need-to-worry-about-having-an-std-test
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Manchester United ? What Caused Them To Become So Popular ...
The support for Manchester united all over the world is overwhelming with fans ranging from the cities in china to the provinces in Africa, all for the love of football. But what is really the main reason as to why many people support this club?
It has always been the basis of argument if it is true that the fans that are from London are many compared to the fans that are from England, and not only that if you look at the worldwide fans, you will notice they are of a great number.
The fans range from those who are in support of the team be it when they are in problems and cannot manage to win the game that they are playing to those fans who are supporting the team just because they know they often have a winning streak so they love to be associated with the glory.
The team has always been winning most of the games that it has played and has been able to reassure the fans that if they follow the team they are not going to be disappointed with the performance of the team which has also convinced most broadcasters to broadcast these matches so as to attract more and more viewers.
This has also encouraged most of the viewers who tune in to watch these matches to enjoy them and in fact to expect to see the next game since the team has always been winning and if the team is not winning, the fans expect a tough but entertaining game.
It has also convinced most companies to become sponsors of these matches when they team up with the broadcasters and even go a step further to do some advertising. During the half time since they know most people are viewing the game.
The truth is nobody wants to be associated with a team that is always losing since every one want s opt be associated and celebrate success.
Also if the local league in the country is not enjoyable or more of a minor league type atmosphere, most people usually resort to such English games to get the adrenaline action that they need.
This author also often contributes articles regarding things including Turbulence Training review and Fat Burning Furnace Review.
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Sunday, July 31, 2011
5 Tax Advantages of Homeownership ? Quizzle Wire
People talk a lot about the pride of homeownership. While there is an emotional side to owning a home, there are also some financial benefits. Specifically, there are several tax advantages that homeowners can enjoy that renters cannot. Learn at least five tax benefits that you may be able to take advantage of as a homeowner:
Mortgage Fee Deductions
Each time you get a mortgage to purchase or refinance a home there are fees involved. While some of these are sunk costs, others are deductible costs. You can typically write off mortgage fees, such as:
- Prepaid interest
- Origination fees
- Loan discount fees
You should consult with your accountant prior to deducting any points or fees, but these are the fees that are generally tax deductible.
Property Taxes
Once a year when your tax bill shows up in the mail, it may cause you to cringe. Some get especially frustrated when they see how much the school taxes are when they don?t have any kids in the county school system! The good news is that you can deduct your property taxes from your federal tax returns. This is an annual deduction for each year that you live in the home.
Mortgage Interest
Generally, you can also write off the entire interest portion of your home loan payment on your taxes as well. A typical 15- or 30-year fixed rate mortgage is mostly interest for about the first half of the mortgage term anyway, so you are truly maximizing your tax deduction during those years.
Private Mortgage InsuranceSome lenders will allow borrowers to put less than a 20 percent down payment on a home purchase. However, when a lender finances more than 80 percent of the purchase price of the home, it typically requires private mortgage insurance, also known as PMI. Private mortgage insurance usually remains part of your home loan payment until you pay down the mortgage so that it is only 80 percent of the value of the home. While PMI is not typically expensive, it is also a payment that is tax deductible.
Selling Costs
When you sell your home, you also have the right to deduct some of the costs. Some of the selling costs you can typically deduct include:
- Real estate agent commissions
- Title insurance
- Legal fees
- Advertising
- Administrative costs
- Inspection fees
- Repair and redecorating costs 90 days leading up to the sale
While there is a lot of pride involved in being a homeowner, there are also some added financial bonuses. Owning your home allows you to make multiple tax deductions, depending on your situation. Some are one-time deductions, while others are ongoing ones. Now you can look at being a homeowner as both an emotional and financial investment.
Learn other ways to be a smart homeowner with helpful tips and tools from Quizzle.com. At Quizzle, you can find out if you can save money on your monthly mortgage payment and improve your credit so you qualify for the best mortgage rates.
Related articles:
Note: Check your mortgage rate regularly.
We're in the middle of 40 year mortgage rate lows. If you've got good credit and haven't lowered your mortgage payment this year you're mortgage payment is probably too high. You NEED to Check Today's Rates.
Source: http://www.quizzle.com/blog/2011/07/5-tax-advantages-of-homeownership/
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Saturday, July 30, 2011
Improve Your Business Productivity With Hotspot Billing Software ...
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