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Circular on Delegation of Approval Authority for Foreign-invested Project (NDRC Circular 914) - 国家发展改革委关于做好外商投资项目下放核准权限工作的通知
June 2, 2010
Released and effective on May 4, 2010
Following the State Council Circular 9, similar to the SAIC Circular 94, the National Development and Reform Commission (“NDRC”) issued a circular on Delegation of Approval Authority for Foreign-invested Project (“NDRC Circular 914”) on May 4, 2010.
This circular specifies that a foreign invested project which has total investment less than US 300 million (including capital increase) and falls under the encouraged and permitted categories in the <Catalogue of Foreign Investment Industry Guidelines> will now be subject to the approval from the provincial counterparts of the NDRC and will not require approval in Beijing.