Ministry of Commerce, the People’s Bank of China and Ministry of Finance Circular on Supplementary Regulations of Provisional Measures on Bidding Permission of Foreign Contracted Projects

China import & export Policy  2005-04-25 11:07:05

Tuesday,April 12,2005 Posted: 16:45 BJT(0845 GMT)   All enterprises directly under the central administration, administrative commercial sectors in all the provinces, autonomous regions, municipalities, separately listed cities and Xinjiang production and construction corps of CPLA, all branches, offices and state-owned commercial banks of the People ’s bank of China, the Import-export Bank of China, China Development Bank, Agricultural Development Bank of China, other commercial banks, China Export & Credit Insurance Corporation, China Chamber of Commerce for Import and Export of Machinery and Electronic Products, China International Contr actors Association and all business agencies in foreign counties:      For the purpose of enhancing administration on foreign contracted projects with capitals and regulating negotiations and bidding activities of enterprises in early period of projects, the following supplementary regulations are especially stipulated for Provisional Measures on Bidding Permission of Foreign Contracted Projects (“Provisional Measures on Projects Permission” for short in the following):      While attending bidding activities for foreign projects, in case the projects owners forwardly acquire to use export credit of Chinese finance institutions, enterprises should provide Ministry of Commerce with letters of loan intent of relevant banks as well as letters of insurance-accepting interes t of insurance institutions with export credit when applying for projects permission.      This circular takes effects as from releasing.         Ministry of Commerce   The People’s Bank of China   Ministry of Finance   Jan 28, 2005