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ARTICLE · 16 MARCH 2004

Construction Related Supplemental PRC Regulations: An Update

Mayer Brown
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The Supplemental Regulations on the Administration of Foreign-Invested Construction Enterprises (Decree No. 121), Construction and Engineering Design Enterprises (Decree No. 122) and Urban Planning Service Enterprises (Decree No. 123), which were deliberated and ratified at the 24th working meeting of the Ministry of Construction and Ministry of Foreign Trade on 9 December 2003, were promulgated for implementation as from 1 January 2004.

ChinaCorporate/Commercial Law
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Summary

The Supplemental Regulations on the Administration of Foreign-Invested Construction Enterprises (Decree No. 121), Construction and Engineering Design Enterprises (Decree No. 122) and Urban Planning Service Enterprises (Decree No. 123), which were deliberated and ratified at the 24th working meeting of the Ministry of Construction and Ministry of Foreign Trade on 9 December 2003, were promulgated for implementation as from 1 January 2004. 

Pursuant to the Supplemental Regulations (Decrees No. 121-123), the main amendments to the previous position are that Hong Kong and Macau service suppliers may now be sole investors when establishing foreign-funded construction enterprises, construction and engineering design enterprises, or urban planning service enterprises in Mainland China.

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