(Nikkei BP Group)
(No.1 High-Tech News Site in Japanese)
|
|
| Beijing Encourages Foreign Ventures to Join State Reforms
|
|
September 23, 1998 (BEIJING) -- The Beijing municipal government recently
adopted 10 measures to encourage foreign ventures to participate in
the reforms of the city's state-owned enterprises.
|
The new regulations, announced by the Beijing Municipal Administration
for Industry and Commerce, stipulate that foreign ventures will be permitted
to purchase or merge with state-owned enterprises on a limited basis.
The regulations also allow foreign-funded ventures to jointly establish
ventures in the service sector.
Beijing welcomes Sino-foreign funded ventures to use technology transfers
to obtain shares in state-owned ventures. Technology transfers can account
for as much as 35 percent of total registered funds in specified ventures,
up substantially from the former 20 percent ceiling.
(Xinhua News Agency)
|
|
|
