China Employment Law Network
Shanghai Business Lawyer
Legal Updates
Hearing Comments from Industry Associations and Private Enterprises When Drafting Legal Documents Involving Private Investment
released by£ºadmin Time£º2012-9-6 15:34:49 Read£º2739Time

Hearing Comments from Industry Associations and Private Enterprises When Drafting Legal Documents Involving Private Investment
 
By Legislative Affairs office of the State Council
Promulgation time 2012-06-12
 
Notice of the Legislative Affairs Office of the State Council on Hearing Comments from Industry Associations (Chambers of Commerce) and Private Enterprises When Drafting Legal Documents Involving Private Investment.
 
In the course of drafting any laws, administrative regulations or rules involving private investment, appropriate means shall be taken to hear the comments from relevant industry associations (chambers of commerce) and private enterprises, fully reflect the reasonable requirements of private enterprises and protect the legitimate rights and interests of private investors.
 
Since the implementation of reform and opening up policy, private investment has developed rapidly and become an important way of promoting economic development, adjusting industrial structure, flourishing rural and urban markets and expanding employment. Encouraging private investment capital into industries and fields which are not explicitly forbidden by laws and regulations is beneficial to the improvement of the socialist market economic system, the establishment of fair competition of the market environment and the steady and rapid development of the economy.
 
In the process of drafting legal documents involving private investment, the legitimate rights and interests of the private enterprises and private investors should be respected and protected. Thus, the notice aims at creating a good legal environment for private investment and stipulates the relevant procedure of drafting legal documents involving as such.
 
The notice requires that, where a colloquium, hearing, or demonstration meeting is held when any law, administrative regulation or rule involving private investment is drafted, attention should be paid to invite relevant industry associations and private enterprises. Where written comments on the drafts are solicited from relevant organs and other organizations, such comments shall also be printed and sent to relevant industry associations for soliciting their comments thereon. The comments and suggestions put forward by relevant industry associations and private enterprises shall be carefully analyzed and studied. The reasonable comments and suggestions shall be adopted and feedbacks on the adoption of such comments shall be provided in an appropriate manner.
 
 
Print | Close | Back
 
copyright@Shanghai Barry Law Firm
Add£ºSuite 701 Huanan Mansion, No.1988 Dongfang Road, Shanghai 200125 Tel£º(86)13917214000 :(86-21)58819909,
Fax£º(86-21)58818085
>