Article 5 The shareholders (promoters) of a company shall agree autonomously on their capital subscription amount, mode and deadline of capital contribution and record them in the company's articles of association. The company shall announce its shareholders' capital subscription amount or the promoters' shares subscription, mode and deadline as well as payment information of capital contribution to the public through the market entity credit information announcement system. The shareholders (promoters) of the company shall be responsible for the veracity and legitimacy of payment information on capital contribution.
Upon payment of capital contribution by the company's shareholders (promoters), the company may amend its articles of association, file the articles of association with the registration authorities for record, and submit capital verification documents.
Article 6 Unless the laws, administrative regulations and the State Council decisions provide otherwise on the minimum registered capital for specific industries, the provisions on minimum registered capital of RMB30,000 for limited liability companies, on minimum registered capital of RMB100,000 for sole-proprietor limited liability companies and on minimum registered capital of RMB 5million for companies limited by shares shall be cancelled; the provisions on first-time capital contribution amount and ratio for all shareholders (promoters) of the company at the time of incorporation shall be cancelled; the provisions on the ratio of capital contribution amount to registered capital for all shareholders (promoters) of the company shall be cancelled; the provisions on capital contribution deadline for full payment by all shareholders (promoters) of the company shall be cancelled.
Article 7 Except for preliminary licensing matters for enterprise registration provided for by laws, administrative regulations and the State Council decisions, enterprises in the Pilot Zone may commence general production and business activities upon making registration with the registration authorities and obtaining the business license; where a business project involves preliminary licensing matter for enterprise registration, upon obtaining the permit or approval document, the company may apply to the registration authorities for business license; a company applying to engage in any other business projects which require licensing shall only commence business activities after obtaining the business license and the permit or approval document.
Article 8 For industries outside the list of special administrative measures for entry of foreign investments (negative list), foreign investment enterprises in the Pilot Zone shall apply to the registration authorities for registration of establishment, and file record with the commerce authorities or their authorized agency.
Article 9 In respect of application for establishment of foreign-funded advertising enterprises in the Pilot Zone or foreign investment enterprises applying for additional advertising business, the restrictions pertaining to the investor entity qualification and performance of advertising business shall be cancelled, and the requirement for number of years for establishment and operation of the investor shall be cancelled.