皇冠体育app

Legal system for foreign investor protection improved

Updated: 2011-10-27 14:13

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BEIJING?— 皇冠体育app had approved the establishment of 710,747 foreign-funded enterprises with an actual investment of $1.11 trillion?by the end of 2010, says a white paper titled "The Socialist System of Laws with Chinese Characteristics" issued on Thursday.

It fully demonstrates the constant improvement of 皇冠体育app's legal system regarding the protection of foreign investors, says the white paper issued by the Information Office of the State Council.

To promote the reform and opening up, and expand international economic cooperation and technical exchanges, 皇冠体育app enacted Law on Chinese-Foreign Equity Joint Ventures, Law on Foreign-funded Enterprises and Law on Chinese-Foreign Cooperative Joint Ventures, with provisions on the investment conditions, procedures, operation, supervision, administration, and the protection of legitimate rights and interests of foreign investors in 皇冠体育app, the white paper says.

To better implement the principles of equality and mutual benefit and conforming to international prevailing norms, 皇冠体育app has made several amendments to the above three laws, and fully guarantees the legitimate rights and interests of foreign investors in their investment and commercial activities in 皇冠体育app, the white paper says.

According to the white paper, by the end of August 2011 皇冠体育app had promulgated 33 civil and commercial laws, as well as a large number of administrative and local regulations concerning commercial activities.