在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

  Home>News Center
       
 

Ministry: Leasing sector fully open soon
By Jiang Wei (China Daily)
Updated: 2005-02-19 01:09

China is going to completely open its leasing industry to foreign investors in the near future, said the Ministry of Commerce in Beijing.

The ministry has recently published a new regulation for foreign investment in the leasing industry, amending the previous provisional regulation implemented in 2001. The regulation will come into force on a trial basis on March 5.

The fresh moves were made to meet the timetable China pledged to the World Trade Organization (WTO).

The regulation means foreign investors will be allowed to deal with leasing and financial leasing in terms of wholly foreign-owned companies.

Meanwhile, the regulation has lowered the capital threshold for foreign-funded leasing companies.

In line with China's commitments to the WTO, the minimum registered capital of a foreign financial leasing company will be reduced from US$20 million to US$10 million.

Aside from this, in order to keep control of this sector, the Ministry of Commerce requires all financing leasing firms to submit business reports before March 31 each year.

The new regulation is expected to herald a new foreign leasing companies investing spree in China.

According to the ministry, a number of foreign enterprises, including banks, specialized leasing companies and manufacturing enterprises, have applied to establish wholly-owned leasing companies in China.

In fact, two multinational companies, GE capital and Caterpillar, set up their wholly-owned firms in China last year as pilots in the leasing sector.

So far, China has 39 foreign-funded leasing companies, with their volume of trade totalling nearly US$1.6 billion in 2004.

In the new investing environment, the number of companies is expected to reach 45 this year.

Insiders also believe foreign investors bring new business methods to China, enhancing the entire industry.

However, experts warn that China's leasing industry is still weak, so domestic leasing companies need more help than their foreign rivals.

Complicated management and high taxation blocked the development of domestic leasing companies, said Xia Bin, director of the Financial Research Institute of the Development and Research Centre of the State Council.

Currently, domestic leasing companies have to bear an annual income tax of 25 per cent while the tax rate on foreign firms is only 13 per cent.

Qu Yankai, an official at China's Association of Enterprises with Foreign Investment, echoed Xia by saying that the government should particularly strengthen their support of domestic financial leasing companies.

(China Daily 02/19/2005 page1)



 
  Today's Top News     Top China News
 

Beijing opposes US-Japan statement on Taiwan

 

   
 

Eight suicide bombings in Baghdad kill 55

 

   
 

Building harmonious society CPC's top task

 

   
 

Experts cry for checking before marriage

 

   
 

Industrial growth rate drops slightly

 

   
 

Bush harbors no bitterness toward Chirac

 

   
  Famous winery ceded to private, foreign investors
   
  Freighter sinks, 7 missing in Beibu Gulf
   
  Beijing Olympic Village project gets approval
   
  Tourists trapped by snow rescued in Yunnan
   
  Building harmonious society CPC's top task
   
  Beijing opposes US-Japan statement on Taiwan
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 真人一级毛片 | 自拍偷拍欧美日韩 | 成人欧美一区二区三区黑人免费 | 中文字幕欧美激情 | 日韩黄色大片 | 三上悠亚久久 | www五月天| 久久久久久久影院 | 日韩精品久久久久久免费 | 欧美性猛交xx | 五月婷婷丁香花 | 色伊伊 | 欧美性生交xxxxx久久久 | 午夜私人影院 | 国产一区二区三区在线 | 国产高清91| 日韩精品一区二区三区四区 | 亚洲精品综合 | 日韩中文字幕一区二区 | 日韩免费看 | 成人在线观看免费爱爱 | 日韩成人免费 | 欧美日韩视频在线 | 性欧美bbw| 亚洲国产成人在线 | 国产一级视频在线观看 | 亚洲精品一区二区在线观看 | 色婷婷香蕉在线一区二区 | 国产成人a亚洲精品 | 免费av在线| 茄子视频色 | 久久99精品国产麻豆91樱花 | 久草福利 | 天堂成人在线 | 国语对白做受欧美 | 日韩成人片 | 精品国产欧美一区二区三区成人 | 亚洲精品成人网 | 在线午夜视频 | 午夜一级视频 | 日韩欧美综合 |