State Council Decree No. 534 China relaxes restriction on setting up foreign-funded telecommunicati Go back »

2008-09-18 | All chapters

State Council Decree No. 534

China relaxes restriction on setting up foreign-funded telecommunication firms

China's State Council, the country's Cabinet, has approved a regulation revision to relax restrictions on the establishment of foreign-funded telecommunications companies.

According to the new rules, the minimum registered capital requirement for a foreign-funded telecom company that managed basic services nationwide or intra-provincially was halved to 1 billion yuan (145.9 million U.S. dollars) from the previous requirement.

For full story in Chinese please click here

http://www.gov.cn/zwgk/2008-09/12/content_1094487.htm

For full story in English please click here

http://news.xinhuanet.com/english/2008-09/12/content_9949816.htm