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Letter of the General Office of the Ministry of Commerce on Issues concerning the Transformation of Chinese-Foreign Equity Joint Ventures and Other Types of Enterprises into Foreign-Funded Joint Stock Companies
[Expired]
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商务部办公厅关于中外合资经营等类型企业转变为外商投资股份有限公司有关问题的函
[失效]
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Letter of the General Office of the Ministry of Commerce on Issues concerning the Transformation of Chinese-Foreign Equity Joint Ventures and Other Types of Enterprises into Foreign-Funded Joint Stock Companies | | 商务部办公厅关于中外合资经营等类型企业转变为外商投资股份有限公司有关问题的函 |
| (Letter No. 516 [2014] of the General Office of the Ministry of Commerce) | | （商办资函[2014]516号） |
| The competent commerce departments ofall provinces, autonomous regions, municipalities directly under the Central Government, cities under separate state planning, and Xinjiang Production and Construction Corps: | | 各省、自治区、直辖市、计划单列市及新疆生产建设兵团商务主管部门： |
In accordance with the provisions of Article 15 of the Interim Provisions on Several Issues concerning the Establishment of Foreign-Funded Joint Stock Companies (Order No. 1 [1995], MOFTEC), the established Chinese-foreign equity joint ventures, Chinese-foreign contractual joint ventures and wholly foreign-owned enterprises, if applying for transformation into foreign-funded joint stock companies, shall keep the profit-making records for the last three consecutive years. The Company Law as revised in 2005 cancelled such requirements for companies as they must make profits in the last three consecutive years forissuance of new stocks or they must make profits in three consecutive years for application for the listing of their stocks. Recently, the competent commerce authorities in some localitiesmade consultation throughletters: whether the transformation of Chinese-foreign equity joint ventures, Chinese-foreign contractual joint ventures and wholly foreign-owned enterprises into foreign-funded joint stock companies still need to comply with the provision that they should make profits in the last three consecutive years.
．．．．．． | | 《关于设立外商投资股份有限公司若干问题的暂行规定》（原对外贸易经济合作部令[1995]第1号）第十五条规定，已设立中外合资经营企业、中外合作经营企业、外资企业如申请转变为外商投资股份有限公司的，应有最近连续3年的盈利记录。2005年修订的《公司法》则取消了公司发行新股必须最近3年连续盈利、申请股票上市必须3年连续盈利等条件。近期，部分地方商务主管部门来函咨询：中外合资经营企业、中外合作经营企业、外资企业申请转变为外商投资股份有限公司，是否仍需符合最近连续3年盈利的规定。
．．．．．． |
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