Speech: Invest in Chinas logistics and shipping industry - key legal issues

文章摘要 文章系统梳理了外商投资中国物流与航运业的法律框架,包括WTO承诺、外资产业指导目录及部门规章。重点分析了海运、内河、航空等细分领域的准入条件:海运合资企业外资比例不超过49%,仓储及船舶服务可独资;内河运输禁止外国船舶从事国内港口间业务;航空仅开放维修和订座系统,机场运营需中方控股。同时介绍了港澳投资者的特殊优惠(可设立独资企业)。实务价值在于为外资进入中国物流市场提供合规路径指引,提示投资形式、股比限制及审批流程等关键要点。

I. Summary of the Legal Structure of the Foreign Investment Logistics

1.       Protocal on the Accession of the People’s Republic of China to the World Trade Organization Annex 9

 (Nov, 11, 2001)

Area to be opened: a. Maritime Transport Services and its Auxiliary Service

b. Internal Waterways Transport

c. Air Transport Services

d. Rail Transport Services

e. Road Transport Services

f. Storage and warehousing services

g. Freight forwarding agency services

   Investment Mode: foreigner holding proportion is restrained in most of above area; can not be the holding investor in some area.

                  Have time limitation for investors in some area.

2.       State Catalogue for the Guidance of Foreign Investment Industries (Mar 11, 2002)

Generally goes with the WTO.

3.       Circular on the Relevant Issues concerning the Experimental Establishment of Logistics Enterprises with Foreign Investment (June 20, 2002)

a.       Investment Area: Jiangshu Province, Zhejiang Province, Guangdong Province,

Beijing, Tianjin, Chongqing, Shanghai, Shengzhen

b.       Investment Mode: Joint Venture

4.  Comments on Promotion the Development of China’s Modern Logistic by National Development and Reform Commission, Ministry of Commerce and other 7 National Administrations (Aug 5, 2004)

5. Detailed Regulations for Each Logistic Area

a)         Maritime Transport Services and its Auxiliary Service:

Provisions of Administration of Foreign Investment in International Maritime Transport

(Feb 25, 2004)

b)        Air Transport Services:

Administration of Foreign Investment in Civil Aviation (Jun 21, 2002)

c)        Road Transport Services

Administration of Foreign Investment in Road Transport Services (Nov 20, 2001)

Supplement of Administration of Foreign Investment in Road Transport Services

(Dec 31, 2003)

d)        Freight Forwarding Agency Services

Administration of Foreign Investment in International Freight Forwarding Agency Services

(Dec 19, 2001)

6.       Closer Economic Partnership Arrangement Annex 4 on June 29, 2003

Special Treatment towards investors from Hong Kong and Macau

7. Speeches by Government Officers as a reference

a.  Comments on the Promotion of Chinese Modern Logistics (Aug 5, 2004)

Issued on Aug 5, 2004 by 9 governments such State Development and Reform Commission, Ministry of Commerce and other commissions.

    b.  Deepening Reformation and Enhancing Promotion of China’s Modern Logistics

by Mr. Zhang Zhigang, vice Minister of Commerce Minstry

Issued in the Development and International Cooperative of Chinese Modern Logistics Seminar in Nov 4, 2004

 

II. Detailed Regulations of Each Field

A. Maritime Transport Services and its Auxiliary Service

Protocal on the Accession of the People’s Republic of China to the World Trade Organization Annex 9 (Nov, 11, 2001)

Chinese government has promised that China would open the area of Maritime Transport Services and its Auxiliary Service.

 

The International Transport here includes freight and passengers, less cabotage transport services; Auxiliary Service includes maritime cargo-handling services, customs clearance services for maritime transport, container station and depot services, Maritime agency services.

  

 Provision of Administration of Foreign Investment in International Maritime Transport

(Feb 25, 2004)

   Foreign Investment in Chinese international maritime transport service should compaly with this Provision, Regulations of Maritime and the Procedure of Maritime Regulation..

 

a.       Investment Area:

1.       International maritime transport of freight and passengers, international shipping agency services, international ship management services, loading and unloading of international shipments, and international maritime container freight station and container yard services

2.       International maritime cargo warehousing services

3. Routine services for the vessels

 

b.       Investment Form

1.  International maritime transport of freight and passengers, international shipping agency services, international ship management services, loading and unloading of international shipments, and international maritime container freight station and container yard services:

    Can establish sino-foreign equity joint venture or sino-foreign contractual joint venture with a maximum foreign investment of 49 percent of the total registered capital of the joint venture

2.       International maritime cargo warehousing services

Can establish wholly foreign-owned enterprises or JV.

3. Routine services for the vessels

Can establish wholly foreign-owned enterprises or JV.

 

c. Investment Conditions

1. International maritime transport

i. shall have the vessels suitable for the management of International maritime transport, among which shall be Chinese vessels;

ii. have Bill of Lading, tickets or inter-model invoice;

iii. senior managers with qualified certificate by Ministry of Communication

iv. other conditions required by Laws and Regulations.

*Note: The chairman of directors and general manager of the Joint Venture should be appointed by the Chinese Party.

2. International Shipping Agency Service

i. shall have at least 2 people with more than 3 years’ experience in international maritime transport within the senior managers of the enterprises;

  Senior manager means the Chinese citizen with a professional title above or at middle level works in international maritime enterprise or international maritime auxiliary enterprise with the position of or above the department manager;

ii. shall have a fixed premises and necessary business facilities, including the abilities of electron data exchange with the Government department such as Port Bureau or Customer;

iii. other conditions required by Laws and Regulations.

 

d. Governing Department and the Establishment Procedure

1. Governing Department:

National Ministry of Communication, Ministry of Commerce

2. Establishment Procedure:

     Application to the Ministry of Communication for the Establishment

                             ↓

      Application for the Establishment to the Ministry of Commerce rely on

        the approval document issued by the Ministry of Communication

↓

Business Registration in Administration of Industry and Commerce for

 the Business License rely on the approval document issued by

the Ministry of Communication and Ministry of Commerce

↓

Application for Approval Certificate for International maritime transport

       and International Shipping Agency Service /

International Shipping Agency Service

 

      e. Business Term : no more than 20 years.

 

Closer Economic Partnership Arrangement Annex 4 (June 29, 2003)

Hongkong and Macau investors can establish WOFE operating in International Ship Management,

International maritime cargo storage and international maritime container freight station and container yard services; WOFE shipping company.

B. Internal Waterways Transport

Protocal on the Accession of the People’s Republic of China to the World Trade Organization Annex 9 (Nov, 11, 2001)

   Foreign investors are only allowed to take international transport business in the port opened to foreign vessels, that is to say, foreign vessels can not take the business of internal waterways transport between domestic ports.

 

   Catalogue for the Guidance of Foreign Investment (Mar 11, 2002)

Water Transportation Companies are listed in the restricted items.

 

C. Airline Transport

Protocal on the Accession of the People’s Republic of China to the World Trade Organization Annex 9 (Nov, 11, 2001)

  Only promised to open the area of aircraft repair and computer reservation system.

 

  Catalogue for the Guidance of Foreign Investment (Mar 11, 2002)

  Air transport, the construction and the operation of civil airport are both listed in the encouraged foreign investment industries, and should be JVs with the Chinese party as its holding party of the companies.

 

 Administration of Foreign Investment in Civil Aviation (Jun 21, 2002)

  Can invest in public air transport, the construction and the operation of civil airport, general aviation enterprises, and the related program of aviation transportation.

  The investment areas are widened in this Administration compared with Protocal and Catalogue for the Guidance of Foreign Investment.

 

D. Rail and Road Transport Service

Protocal on the Accession of the People’s Republic of China to the World Trade Organization Annex 9 (Nov, 11, 2001)

  Can invest in freight transportation by rail, freight transportation by road in trucks or cars.

  Only allow the investment mode of JV, and foreign investment should be no more than 49%.

  a. For rail transportation, three years after China’s enter of WTO, foreign investors can be the holding party of the JV; Six years after China’s enter of WTO, WOFE can be established.

  b. For road transportation, one year after China’s enter of WTO, foreign investor can be the holding party of the JV; three years after China’s enter of WTO, WOFE can be established.

 

 

 Catalogue for the Guidance of Foreign Investment (Mar 11, 2002)

 Actually goes with the WTO.

  a. For rail transportation, in Dec 11 2004, foreign investors can be the holding party of the JV; Dec 11 2007, WOFE can be established.

  b. For road transportation, in Dec 11 2002, foreign investor can be the holding party of the JV; in Dec 11 2004 WOFE can be established.

 

E. Freight forwarding Agency Services

Protocal on the Accession of the People’s Republic of China to the World Trade Organization Annex 9 (Nov, 11, 2001)

  Only promised that

a.       upon accession, foreign freight forwarding agencies which have at least three consecutive years experience are permitted to set up freight forwarding agency joint ventures in China, with foreign investment not to exceed 50 percent;

b.       with in one year after Can’s accession, foreign majority ownership will be permitted

c.       with in four years after China’s accession, WOFE will be permitted.

Catalogue for the Guidance of Foreign Investment (Mar 11, 2002)

  Listed in the Restrict Items of the Catalogue with a note that foreign ownership can not be more than 50% (express delivery can not be more than 49%); before 2002, foreign majority ownership will be permitted; WOFE will be permitted before Dec 11, 2005.

 

Administration of Foreign Investment in International Freight Forwarding Agency Services (Dec 19, 2001)

  a. Investment Area:

By the authorization of goods receiver or a consignor, to deal with the international transport and the related business on the consignor’s name or its own name.

    In detail:

    i. Booking cabins, to consign for shipment, storage, package,

    ii.Goods loading and uploading supervisor, loading, stripping, transit of container and related

      short distance transport service;

    iii. Clearance of goods at the Customer, appliance for chek,insurance;

iv. mend and make related tickets, invoice, delivery the freight fee, account balance, delivery miscellaneous fees or expenses;

v.  Freight forward agent for international exhibits, private things and frontier transit.

vi. International multimode transport;

vii. International Express Delivery;

    viii. Consultation and other international freight forward business

c. Investment Form

Contractual joint venture;

Equity joint venture;

WOFE.

 

d. Investment Conditions

i. Among the Chinese parties, there should at least be an International Freight Forwarding Agency with more than 1 year’s experience in this area, or an enterprise with an import and export certificate above 1 year, or a transport or storage enterprise with more than 1 year’s experience in its business.

ii. Among the foreign investors, there should at least be an International Freight Forwarding Agency with more than 3 years’ experience in this area, and the foreign investor satisfied this condition should be the majority shareholder among all the foreign investors.

iii. The Chinese parties and the foreign investors do not breach any industry regulations.

iv. shall have a minimum registered capital of USD 1 million.

v. at least 5 employees with more than 3 years’ experience in International Freight Forwarding Agency field;

vi. fixed business office;

vii. necessary communication, transport, loading and uploading, package facilitates.

*Note:

For the International Express Delivery business, the main shareholder shall have the

qualification with international express delivery business;

For those enterprise dealing with International Multimode Transport, shall have below conditions in addition:

1. have deal with the business more than 3 years;

2. have the agency net both abroad and at home;

3. the international transport agency bill of loading has already registered in the Ministry of Commerce.

 

d. Governing Department and the Establishment Procedure

1. Governing Department:

Ministry of Commerce

2. Establishment Procedure:

       Application for the Establishment to the Ministry of Commerce

↓

Business Registration in Administration of Industry and Commerce for  the Business License rely on the Approval Certificate for the Establishment of Foreign Enterprises and

the Approval Certificate for International Freight Forwards Agency

issued by the Ministry of Commerce

↓

Application for Approval Certificate for International maritime transport

       and International Shipping Agency Service /

International Shipping Agency Service

 

d. Business Term: not more than 20 years.

 

Closer Economic Partnership Arrangement Annex 4 (June 29, 2003)

Hongkong and Macau investors can establish WOFE operating in International Freight Forwards Agency business from 2004, with a minimum registered capital as same as domestic Freight Forwards Agencies as follows:

a.       Maritime International freight forwards : RMB 5 million;

b.       Aviation international freight forwards: RMB 3 million;

c.       Land international fright forwards or International express delivery: RMB 2 million.

 

IV. Government Comments (both official and unoffical)

Comments on the Promotion of Chinese Modern Logistics (Aug 5, 2004)

Issued on Aug 5, 2004 by 9 governments such State Development and Reform Commission, Ministry of Commerce and other commissions.

The approval procedure before the Business Registration in Administration of Industry and Commerce will be cancelled; cancel the administrative approval for domestic rail freight forwards, waterway freight forwards, multimode transport fright forwards.

 

Deepening Reformation and Enhancing Promotion of China’s Modern Logistics

(Nov 4, 2004)

by Mr. Zhang Zhigang, vice Minister of Commerce Minstry

Issued in the Development and International Cooperative of Chinese Modern Logistics Seminar in Nov 4, 2004

The speech reveals that the government will reduce and cancel the administrative approval in Logistics area, simplify Customs procedures, and the government encourages famous foreign logistics enterprises to invest in China.

 

V. Foreign Investment in Ports

Protocal on the Accession of the People’s Republic of China to the World Trade Organization Annex 9 (Nov, 11, 2001)

  Not listed in Protocal.

 

Catalogue for the Guidance of Foreign Investment (Mar 11, 2002)

  Construction and management of public dock facilities of ports are listed in the encouraged items; there is no additional stipulation about the investment formality, investment period.

   There is no detailed law and regulation stipulate that whether wholly owned foreign port can be established, some regulation has once stipulate that foreign investors can only invest in private dock owned by cargo owners. However, in some province wholly owned foreign invested public dock.

 

  Law of Ports (Jun 28, 2003)

  Administration of Ports Management (Apr 15, 2004)

*Note: above is the newly promulgated law and regulations in this area, and foreign investment in ports area should comply with these articles.

  Investment Area:

i. Provide dock, anchorage and other facilitates;

   ii. Provide waiting room and get on and off board facilities service;

   iii. Provide loading and unloading, storage, lighterage, container yard and package service;

   iv. Provide push and pull service for ship entering and exit port;

   v. Provide tally service such as counting and check the surface conditions of goods during the process of goods delivery and receiving ;

   vi. Provide electricity, fuel, daily supplies and other daily service;

   vii. Rent and maintaining service for dock facilities and machineries.

(This speach was delivered on December 9, 2004 on China Containers 2004)

杨春宝一级律师简介

杨春宝一级律师,大成上海高级合伙人、资本市场部主任、国资基金研究中心主任,大成中国区私募基金专业带头人、科技与文化法律研究中心联合牵头人。执业30余年,长期从事私募基金、投融资、并购重组法律服务,尤其对对赌研究颇深且具有非常丰富的实战经验,并专注于金融机构股权投资业务。2004年起多次入选The Legal 500"私募基金"和"公司与商业"等境内外各类律师榜单,代理的中国法院首例适用外国法律审理外国公司的董事损害小股东权益纠纷案入选上海高院发布的《上海法院域外法查明典型案例》和威科先行"要案头条"。入选上海涉外法律人才库、上海市司法局鼎新法治人才库、上海国有企业改制法律顾问团,具有上市公司独立董事任职资格,系多家知名高校的兼职教授或兼职研究生导师及上海市商务委跨国经营人才培训班讲师。出版《私募股权投资基金风险防控操作实务》等16本投融资法律专著。了解更多

常见法律问题

外商投资中国海运服务有哪些限制和条件?

法律概念与规则解释:外商投资中国国际海运服务需遵守我国关于外商投资国际海运的规定,明确投资领域包括国际海运货物和旅客运输、国际船舶代理、国际船舶管理、国际货物装卸、集装箱站场等。投资形式分为两类,海运运输、船舶代理等业务只能设立中外合资或合作企业,外方出资比例不得超过合资企业注册资本的49%,而国际海运仓储及船舶日常服务允许设立外商独资企业。此外,合资企业的董事长和总经理应由中方委派,经营期限一般不超过20年。

案件事实与实务场景引用:根据文章所述,外商投资国际海运需满足特定条件。从事国际海运的企业应拥有适合经营管理的船舶,其中包括中国籍船舶,须具备提单、客票或联运发票,高级管理人员需持有交通主管部门颁发的资格证书。国际船舶代理服务则要求企业至少有两名具有三年以上国际海运经验的高级管理人员,且需有固定营业场所和必要的设施,并具备与港口或海关等政府部门进行电子数据交换的能力。设立程序上需先向交通主管部门申请,取得批件后再向商务部门申请设立,最后办理工商登记和领取相应批准证书。

实务指引与风险提示:实务中,外国投资者应注意股比限制,在合资谈判中明确中方控股或相对控制权安排,尤其董事长和总经理人选问题。经营期限20年的上限要求需要提前规划续期事宜。审批流程跨部门耗时较长,建议预留充足时间准备材料。同时需关注后续法规变化,因政策会随对外开放进程调整。另外,从事船舶代理等业务的高级管理人员资历要求严格,需提前安排符合条件的人员,避免因人员不达标而影响审批。

港澳投资者在物流航运领域享受什么特殊待遇?

法律概念与规则解释:港澳投资者在中国内地投资物流航运业享有特殊优惠待遇,主要依据内地与香港、澳门之间签署的《更紧密经贸关系安排》及其附件。根据相关安排,香港和澳门投资者可以在国际船舶管理、国际海运货物仓储、国际海运集装箱站和堆场等服务领域设立外商独资企业,还可以设立独资航运公司。这与一般外资需合资且外资比例不超过49%的限制形成明显对比,体现了对港澳资本更开放的市场准入政策。

案件事实与实务场景引用:文章明确指出,根据《更紧密经贸关系安排》附件四的规定,香港和澳门投资者可以设立独资企业经营国际船舶管理、国际海运货物仓储及集装箱站场服务,同时可以设立独资航运公司。这一特殊待遇使得港澳投资者能够获得完全的控制权,无需寻找中方合作伙伴。相比其他地区的投资者在相同领域只能以合资形式进入且不能控股,港澳投资者在决策效率和利润分配方面具有显著优势。该安排还涵盖了航空、道路运输等领域,但具体开放范围需参照当时协议文本。

实务指引与风险提示:港澳投资者在享受独资待遇时,应注意核实自身是否符合安排中的定义和要求,包括投资者身份、实际经营地点等条件。建议在设立前向当地商务部门确认最新适用规则,因为相关安排会不断更新。同时,独资企业同样需遵守行业主管部门的资质要求和审批程序。若以港澳公司名义投资但实际控制人为非港澳居民,可能无法享受优惠,需提前做好架构设计。另外,特殊待遇不等于无限制,仍需满足船舶、人员、场地等基本条件。

外国投资者能否进入中国内河运输和航空运输市场?

法律概念与规则解释:中国对这两类市场实行不同程度的开放。内河运输方面,根据加入世贸组织承诺,外国投资者仅被允许在对外开放港口从事国际运输业务,外国船舶不能从事国内港口之间的内河运输业务,即内河运输保留给中国航运企业。外商投资水运企业被列入限制类,需要经过严格审批。航空运输方面,中国承诺开放飞机维修和计算机订座系统服务,但公共航空运输、机场建设及运营等实行中方控股的合资形式,即外国投资者无法取得多数股权。

案件事实与实务场景引用:文章引用了相关法规,指出航空运输、民用机场建设和运营均属于鼓励外商投资的项目,但应设立合资企业且由中方控股。这与海运领域外资比例不超过49%不同,机场等项目中中方必须持有控股地位,意味着外方持股比例最高可能低于50%。内河运输则完全禁止外资船舶经营国内航段,外国投资者只能关注国际航线相关业务。另外,航空运输相关配套服务如客货销售代理等是否开放需根据具体目录判断。总体而言,这两个市场的开放程度明显低于海运业。

实务指引与风险提示:外国投资者若计划进入内河运输市场,将面临法律上的明确禁止,不应尝试通过变通方式规避,否则可能承担法律责任。建议转而投资船舶修造、港口物流配套等关联领域。对于航空运输,外方可以参与飞机维修、培训等辅助业务,但在干线航空公司和机场项目上必须接受中方控股的现实,应审慎评估合资伙伴及治理结构安排。同时关注负面清单制度的演进,近年来中国已逐步放宽外资股比限制,部分领域可能已经调整,需以最新政策和行业准入目录为准。

以上内容仅供参考,不构成法律意见。如需专业法律服务,请联系杨春宝一级律师:chambers.yang@dentons.cn

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