But can they manage an executive branch employing millions?

但他们能否管理好拥有几百万工作人员的行政部门呢？

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 16.02.2011

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 16.02.2011

A branch of a foreign company shall deposit a copy of the Articles of Association of the parent company in the branch.

外国公司的分支机构应当在本机构中置备该外国公司章程。

© 中国投资指南

http://www.fdi.gov.cn/index.htm 01.04.2011

© Invest in China

http://www.fdi.gov.cn/index.htm 01.04.2011

Under certain circumstances, a legal person enterprise at the Outer Area may, upon approval of the customs directly under the General Administration of Customs, set up a branch within Zhuhai Park according to law.

特殊情况下，经直属海关批准，区外法人企业可以依法在珠海园区内设立分支机构。

© 中国投资指南

http://www.fdi.gov.cn/index.htm 30.04.2011

© Invest in China

http://www.fdi.gov.cn/index.htm 30.04.2011

Effective anti-money laundering measures shall be made when new financial institutions are incorporated or financial institutions set up new branch offices.

新设金融机构或者金融机构增设分支机构应当制定有效的反洗钱措施。

© 中国投资指南

http://www.fdi.gov.cn/index.htm 01.04.2011

© Invest in China

http://www.fdi.gov.cn/index.htm 01.04.2011

An application of a branch-level exclusive institution for the beginning of its business shall be submitted to the CBRC for acceptance, examination and decision.

分行级专营机构的开业申请，应向银监会提交，由银监会受理、审查并决定。

© 中国投资指南

http://www.fdi.gov.cn/index.htm 26.04.2011

© Invest in China

http://www.fdi.gov.cn/index.htm 26.04.2011

Each branch and business management department of the People's Bank of China shall immediately, after receiving this Circular, transmit it to the city commercial banks and foreign capital banks within their respective jurisdictions.

中国人民银行各分行、营业管理部收到本通知后，要立即将其转发至辖区内城市商业银行和外资 银行。

© 中国投资指南

http://www.fdi.gov.cn/index.htm 01.04.2011

© Invest in China

http://www.fdi.gov.cn/index.htm 01.04.2011

The following conditions shall be met if a solely foreign-funded bank or a joint venture bank applies to establish a branch bank:

独资银行、合资银行申请设立分行，应具备下列条件：

© 中国投资指南

http://www.fdi.gov.cn/index.htm 26.04.2011

© Invest in China

http://www.fdi.gov.cn/index.htm 26.04.2011

The proportion of Renmingbi in the totality of working capital and reserve of a foreign bank branch and the proportion of Renmingbi in its risk assets shall not be less than 8%.

外国银行分行营运资金加准备金等之和中的人民币份额与其风险资产中的人民币份额的比例不得 低于 8 %。

© 中国投资指南

http://www.fdi.gov.cn/index.htm 01.04.2011

© Invest in China

http://www.fdi.gov.cn/index.htm 01.04.2011

Where a minimum amount of operational funds is required for a branch of a foreign company, the State Council shall separately prescribe to that effect.

对外国公司分支机构的经营资金需要规定最低限额的，由国务院另行规定。

© 中国投资指南

http://www.fdi.gov.cn/index.htm 01.04.2011

© Invest in China

http://www.fdi.gov.cn/index.htm 01.04.2011

The applicant shall finish the following work within the preparation period and submit the relevant materials to the branch bank of the People's Bank of China of the place where it is located:

筹建期内申请人应当完成下列工作，并将有关资料报至所在地中国人民银行分支机构：

© 中国投资指南

http://www.fdi.gov.cn/index.htm 26.04.2011

© Invest in China

http://www.fdi.gov.cn/index.htm 26.04.2011

The application for the registration of a branch signed by the legal representative of the company;

公司法定代表人签署的设立分公司的登记申请书；

© 中国投资指南

http://www.fdi.gov.cn/index.htm 01.04.2011

© Invest in China

http://www.fdi.gov.cn/index.htm 01.04.2011

Sales agents shall increase their registered capital by 500 thousand RMB for every newly set branch agency or business outlet.

销售代理人每增设一个分支机构或者一个营业分点，应当增加注册资本人民币五十万元。

© 中国投资指南

http://www.fdi.gov.cn/index.htm 30.04.2011

© Invest in China

http://www.fdi.gov.cn/index.htm 30.04.2011

The matters subject to incorporation registration of branch or representative institutions of a fund include: the name, the domicile, the business scope of public benefit activities and the person in charge.

基金会分支机构、基金会代表机构设立登记的事项包括：名称、住所、公益活动的业务 范围和负责人。

© 中国投资指南

http://www.fdi.gov.cn/index.htm 01.04.2011

© Invest in China

http://www.fdi.gov.cn/index.htm 01.04.2011

Postage certificates sold shall not be cashed in postal enterprises or their branch offices.

售出的邮资凭证不得向邮政企业及其分支机构兑换现金。

© 中国投资指南

http://www.fdi.gov.cn/index.htm 01.04.2011

© Invest in China

http://www.fdi.gov.cn/index.htm 01.04.2011

The modification of the name of a branch of any Chinese investment commercial bank in a city where a banking regulatory bureau is located shall be accepted, examined and decided by the banking regulatory bureau.

银监局所在城市的中资商业银行分支机构变更名称由银监局受理、审查并决定；

© 中国投资指南

http://www.fdi.gov.cn/index.htm 26.04.2011

© Invest in China

http://www.fdi.gov.cn/index.htm 26.04.2011