Supplementary Provisions on the Measures for the Administration of
Foreign-Funded International Freight Agency Enterprises

Order of the Ministry of Commerce of the People's Republic of China [2003] No. 12

　　With a view to promoting Hong Kong and Macao to establish closer
economic and trade relationship with the Mainland, encouraging
service providers from Hong Kong and Macao to establish within the
Mainland enterprises engaging in international freight agency, we
have hereby made the following supplementary provisions on the
Measures for the Administration of Foreign-Funded International
Freight Agency Enterprises (Order No. 36 [2002] of the Ministry of
Foreign Trade and Economic Cooperation) pursuant to the Mainland and
Hong Kong Closer Economic Partnership Arrangement and the Mainland
and Macao Closer Economic Partnership Arrangement approved by the
State Council:

I. Since January 1st, 2004, service providers from Hong Kong and
Macao are permitted to establish international freight agency
enterprises within the Mainland by means of joint venture,
cooperation or solely-funded enterprise.

II. The minimum amount of the registered capital of a qualified
service provider from Hong Kong or Macao that invests in the
Mainland to establish an international freight agency enterprise
shall meet the following requirements:
(1) Where he/it runs maritime international freight agency, the
minimum amount of his/its registered capital shall be 5 million
Yuan;
(2) Where he/it runs aerial international freight agency, the
minimum amount of his/its registered capital shall be 3 million
Yuan;
(3) Where he/it runs overland international freight agency or
international express delivery, the minimum amount of his/its
registered capital shall be 2 million Yuan.
　　Where he/it runs two or more items of business in the preceding
paragraph, the minimum amount of his/its registered capital shall be
the minimum amount of the higher/highest one.
　　An international freight agency enterprise shall, for each branch
engaging in international freight agency that it intends to
establish, add 500,000 Yuan of registered capital.

III. As for other matters for service providers from Hong Kong and
Macao to apply in the Mainland for establishing international
freight agency enterprises, the Measures for the Administration of
Foreign-Funded International Freight Agency Enterprises shall still
be followed.

IV. The service providers from Hong Kong and Macao as mentioned in
the present Supplementary Provisions shall separately meet the
requirements in the Mainland and Hong Kong Closer Economic
Partnership Arrangement and the Mainland and Macao Closer Economic
Partnership Arrangement on the definition of service providers, and
in other relevant provisions, as well.

V. The power to interpret the present Supplementary Provisions shall
remain with the Ministry of Commerce.

VI. The present Supplementary Provisions shall be implemented on
January 1st, 2004.