China Bank Account Service
Hotline: 86-755-82143422 Email: anitayao@citilinkia.com
Foreign joint ventures or main foreign joint ventures (hereafter referred to as foreign joint ventures) should have comparatively high economic strength, advanced management experience and marketing techniques in commercial operations, broad international distribution channels, sound credit and good performance. In addition, they should help promote Chinese exports through the establishment of their joint ventures.
Foreign joint ventures applying for the establishment of joint ventures operating retail business should record all average annual sales volume of US$2.0 billion or more in the three years prior to the year of the application and should have assets of no less than US$200 million in the year prior to the year of the application.
Foreign joint ventures applying for the establishment of joint ventures operating wholesale business should record an average annual wholesale volume of US$2.5 billion or more in the three years prior to the year of the application and should have assets of no less than US$300 million in the year prior to the year of the application.
Chinese joint ventures or main Chinese joint ventures (hereafter referred to as Chinese joint ventures) should be distribution enterprises with comparatively high economic strength and operation capacities. The amount of their assets in the year prior to the application should be more than 50 million yuan (30 million yuan for central and western regions). For Chinese joint ventures who are commercial enterprises, the average annual sales volume in the three years prior to the application should be no less than 300 million yuan (200 million yuan for central and western regions). For foreign trade enterprises, the average annual self-operated export and import volume should be no less than US$50 million (exports should amount to no less than US$30 million).
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For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82143422, 86-755-82143512, or emailing to anitayao@citilinkia.com