search query: @journal_id 1388 / total: 25
reference: 2 / 25
| Author: | |
| Title: | State's enterprises shall not use credits as the share capital when becoming joint ventures with overseas businessmen (original in Chinese) |
| Journal: | Modern Economic Information (c)
1994 : 3, p.10 |
| Index terms: | FOREIGN INVESTMENT JOINT BUSINESS VENTURES FINANCIAL POLICY CHINA |
| Language: | chi |
| Abstract: | The Industrial and Commercial Bank of China stipulates that state's enterprises which have opened accounts at its affiliated branches shall not convert into joint shares the fixed assets and circulating funds arising from credits before they are cleared. From now on, state's enterprises shall make an account and calculate shares according their actual assets. Any attempt to use the bank's credits as shares will lead to the pressure of the bank's recourse of the creditor's right and the dual legal action of the fictitious capital stock, and fraud by overseas businessmen. |
SCIMA