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	SUPPLEMENTARY PROVISIONS OF THE PROVISIONAL REGULATION ON FOREIGN INVESTMENT IN CINEMAS (HKSAR & MSAR)

	(Order of the State Administration of Radio, Film and Television (No. 49 [2005]), April 8, 2005: adopted by the State Administration of Radio, Film and Television, the Ministry of Commerce and the Ministry of Culture, and shall be implemented as of May 8, 2005)


SUBJECT : FOREIGN INVESTMENT; CINEMAS; HKSAR & MSAR
ISSUING DEPARTMENT : THE STATE ADMINISTRATION OF RADIO, FILM, AND TELEVISION, MINISTRY OF COMMERCE, MINISTRY OF CULTURE OF THE PEOPLE'S REPUBLIC OF CHINA
ISSUE DATE : 04/08/2005
IMPLEMENT DATE : 05/08/2005
LENGTH : 275 words
TEXT :

The Supplementary Provisions of the Provisional Regulation on Foreign Investment in Cinemas are formulated to promote the establishment of closer economic and trade relationship between Hong Kong, Macao and the Mainland of China and encourage the service providers from Hong Kong and Macao to establish enterprises engaging in film showing business in the Mainland of China. The supplemental provisions concerning the investment in cinemas by service providers from Hong Kong and Macao provided for in the Provisional Regulation on Foreign Investment in Cinemas (Order No. 21 of the State Administration of Radio, Film and Television, Ministry of Commerce and Ministry of Culture) as well as in the Attachment thereof are made 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. They are as follows:

I. As of January 1, 2005, the service providers from Hong Kong and Macao shall be allowed to construct, rebuild and operate cinemas in the Mainland of China through equity joint ventures, contractual joint ventures or solely-funded enterprises.

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. Other provisions on investment in cinemas by service providers from Hong Kong and Macao in the Mainland of China shall still accord with the Provisional Regulation on Investment in Cinemas by Foreign Investors.

IV. These Provisions shall be implemented as of May 8, 2005.