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SUPPLEMENTARY PROVISION OF THE INTERIM PROVISIONS OF OPERATION QUALIFICATION FOR MOVIE ENTERPRISES (HKSAR & MSAR) |
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(Order of the State Administration of Radio, Film and Television and the Ministry of Commerce (No. 50 [2005]), March 7, 2005: adopted by the State Administration of Radio, Film and Television, Ministry of Commerce, and shall be implemented as of May 8, 2005) |
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SUBJECT : MOVIE ENTERPRISES; OPERATION QUALIFICATION; HKSAR/MSAR |
ISSUING DEPARTMENT : THE STATE ADMINISTRATION OF RADIO, FILM, AND TELEVISION, MINISTRY OF COMMERCE OF THE PEOPLE'S REPUBLIC OF CHINA |
ISSUE DATE : 03/07/2005 |
IMPLEMENT DATE : 05/08/2005 |
LENGTH : 236 words |
TEXT : |
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The Supplementary Provisions of the Interim Provisions of Operation Qualification for Movie Enterprises are formulated for the purposes of promoting the establishment of closer economic and trade relationship between Hong Kong, Macao and the Mainland of China and encouraging the service providers from Hong Kong and Macao to establish enterprises in the Mainland of China to release domestically-produced movies, the following provisions are made to supplement the Interim Provisions of Operation Qualification Access for Movie Enterprises (Order No. 43 of the State Administration of Radio, Film and Television) in accordance with the Supplementary Protocol to the Mainland and Hong Kong Closer Economic Partnership Arrangement and the Supplementary Protocol to the Mainland and Macao Closer Economic Partnership Arrangement approved by the State Council:
I. As of January 1, 2005, the service providers from Hong Kong and Macao shall, upon approval of the competent authorities in the Mainland of China, be allowed to establish solely-funded companies in the pilot regions of the Mainland of China to release domestically-produced movies. The registered capital of such a company shall not be less than RMB 1 million yuan.
II. The service providers from Hong Kong and Macao specified in these Provisions shall accord with the definitions and the relevant requirements in the Mainland and Hong Kong Closer Economic Partnership Arrangement and the Mainland and Macao Closer Economic Partnership Arrangement respectively.
III. These Provisions shall be implemented as of May 8, 2005.
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