Foreign-funded enterprises (also called solely foreign-owned enterprise) refer to enterprises with all capital invested by foreign investors, excluding branches established in the interior of China by foreign enterprises and other economic organizations. Chinese-foreign cooperative joint ventures are contractual joint ventures. Investment and cooperative conditions provided by Chinese-foreign cooperators are not converted into shares, so there are no issues of rights of obligations in terms of the proportion of the share holdings. Chinese-foreign cooperative joint ventures may be enterprises that acquire Chinese corporate capacity or non- corporate enterprises. Chinese-foreign equity joint ventures are joint ventures established in the form of stock equity. All foreign-funded enterprises that established in the interior of China are Chinese corporate enterprises. |