CND encourages both Chinese and overseas investors to set up scientific research institutes as well as Hi-Tech enterprises with export orientation, knowledge-intensive, no pollution, low energy consumption and high value added. In the mean time, CND is seeking other cooperation in the fields of culture, education, public health, sports, tourism and real estates, etc.     CND particularly encourages investors to invest in the fields of electronics, precision machinery and electronic integrated, bio-engineering and pharmaceutical, new materials, new energy, fine chemicals, environment protection industry, high and new technological R & D institute, infrastructure facilities, social services and modern agriculture, etc. The ratio of the registered foreign capital to total investment Total Investment Registered Capital US$3,000,000 and below 70% US$3,000,000--10,000,000(Less than US$ 4,200,000) 50%(Not less than US$ 2,100,000) US$10,000,000--30,000,000(Less than US$ 12,500,000) 40%(Not less than US$ 5,000,000) Above US$30,000,000(Less than US$ 36,000,000) 33.3%(Not less than US$ 12,000,000) Procedures to Apply for the Establishment of an Enterprise Run With Exclusively Foreign Capital or a Joint Venture and the Documents be Submitted     1.Apply for name registration of a company     2.Report for approval of Environment Impact Assessment of the project under application     3.Report for approval of Articles of Association, application for Feasibility Study Report(JV Contract, Articles of Association, Feasibility Study Report for joint venture)     A. The notice of name reservation approved by the Administrative Bureau for Industry and Commerce     B. Preliminary Approval of Environmental Protection Department     C. Articles of Association, Feasibility Study Report of Enterprise Run With Exclusively Foreign Capital (Application Form with the signatures of both Sino and foreign parties for joint venture)     D. Articles of Association and the supplement ,Feasibility Study Report “Application Form for the Establishment of Foreign Investment Enterprise in China”(JV Contract, Articles of Association, Feasibility Study Report and the attachments with signatures of both Sino and foreign parties for joint venture)     E. Business license of the foreign investors issued by the competent governmental department of the investor's original country or region     F. The investor's creditability certificate issued by the bank (Balance Sheet of Sino party for joint venture)     G. Written authorization     H. Other required documents     4.Apply for legal person code     5.Apply for Approval Certification of foreign investment company     A.A name list of the members of Board of Directors and senior management, written authorization letter and their ID copies, CVs of board chairman and the directors with Chinese citizenship     B. IDs of the authorized person(s)     C. Notice of the “National Organization Code”     D. Factory workshop lease of purchase agreement and land purchase contract     E. Other required documents     6.Registration for business license with Industry and Commerce Administration

THE ADMINISTRATIVE COMMITTEE OF CHANGZHOU NATIONAL HI-TECT DISTRICT ADD:NO.8 HENGSHAN ROAD,CHANGZHOU,CHINA POSTCODE:213022 TEL:(86-519)5108227 5127129 5127093 FAX:(86-519)5127710 WEBSITE:WWW.CZXD.GOV.CN