Laws of the People's Republic of China

The Ministry of Foreign Economic Relations and Trade

Circular of the Ministry of Foreign Economic Relations and Trade on Whether the Leased Equipments Can Be Invested in the Equity Joint Ventures as the Registered Assets by the Equity Joint Ventures or the Investors Home and Abroad of the Equity Joint Ventures

WaiJingMaoFaZi [1986] No.12

May 19, 1986

The Planning Commission of Nantong, and the departments (commissions, bureaus) economic relations and trade of various provinces, autonomous regions, municipalities directly under the Central Government and municipalities separately listed on the State plan:

The equipments invested in the joint venture as the registered assets should be owed by the investors. For the leasing equipments, the leasers are entitled to use them only but do not share the ownership. So we think the leasing equipments from the leasing companies cannot be invested in the joint ventures as the registered assets by the joint ventures or the investors home and abroad of the joint ventures.