Section 23 合资企业Joint-ventures 商务英语 教学文稿.pptVIP

8. The registered capital of a contractual JV shall not be decreased within the term of cooperation. In case it is absolutely necessary to decrease the registered capital because of changes in the total amount of investment and production and operation scale, approval shall be obtained from examination and approval authorities. 9. If a contractual JV chooses to entrust a third party to operate and manage the venture after its establishment, unanimous agreement of the board of directors or joint management committee is needed, and an entrustment operation and management contract with the entrusted party needs to be signed. 10. If all parties agree to extend the term upon its expiration, an application for extension shall be filed with the examination and approval authorities 180 days prior to the expiration date, stating how the current contractual JV contract is carried out and reasons for extending the term, together with an agreement by all parties on issues such as rights and obligations of each party during the extension period. What is the definition of joint venture? Why do we have to set up some joint venture enterprises? How to write a letter to express your intendance to establish a joint venture? China is now on her way to achieving modernization. Besides self-reliance and the tapping of all potentials as her principle, she needs to absorb advanced technology and foreign investment to help speed up her socialist construction. Joint venture is one if the measures suitable to Chinas needs. * Section 23 合资合作Joint-venture and Co-operation I. 要点概述Main Points 1. What is a joint venture? 1. What is a joint venture? A joint venture (JV) is an entity formed between two or more parties to undertake economic activity together. The parties agree to create a new entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. The venture can be for one specific project only, or a continuing business relationship su