Provisions on Domestic Investment in the Civil Aviation Industry

Provisions on Domestic Investment in the Civil Aviation Industry

Order of the Ministry of Transport of the People's Republic of China [2017] No.34

December 18, 2017

The Provisions on Domestic Investment in the Civil Aviation Industry, adopted at the 24th ministerial meeting on December 13, 2017, are hereby promulgated and shall come into force as of January 19, 2018.

Minister Li Xiaopeng

Chapter I General Provisions
　
Article 1 With a view to regulating investment made by domestic investors in the civil aviation industry, these Provisions are formulated in accordance with the Civil Aviation Law of the People's Republic of China and other applicable laws and administrative regulations of the State.
　
Article 2 The state encourages and supports domestic investors to invest in the civil aviation industry so as to promote the rapid and sound development of the civil aviation industry.
The investment made by domestic investors in the civil aviation industry shall help consolidate and develop the public sector of the economy, encourage, support and guide the development of the non-public sector of the economy, as well as uphold and improve the basic economic system, with public ownership playing a dominant role and the diverse forms of ownership developing side by side.
The investment made by domestic investors in the civil aviation industry shall comply with policies on the development of the country and the civil aviation industry, and help enhance fair and orderly competition.
　
Article 3 These Provisions shall apply to the investment made by domestic investors in the civil aviation industry.
The "domestic investors" as mentioned in these Provisions include state-owned investors and non-state-owned investors.
"State-owned investors" refers to governments at all levels and their authorized state-owned asset investment institutions, state-owned sole proprietorships or state-owned holding enterprises, and other state-owned economic organizations.
"Non-state-owned investors" refers to collective enterprises, private enterprises, other non-state-owned economic organizations and individuals.
The "civil aviation industry" as mentioned in these Provisions includes the following fields:
1. Public air transport;
2. General aviation;
3. Civil airports, including civil transport airports and general aviation airports;
4. The air traffic control system; and
5. Projects related to civil aviation activities, including the sale, storage and filling of airplanes with aviation oil, plane maintenance, cargo transport and storage, ground services, aviation food production and sale, parking lot operation, cargo sale and agency, service of computerized reservation systems, aviation financial settlement and other relevant projects.
　
Article 4 The Civil Aviation Administration of China (hereinafter referred to as the "CAAC") and local administrators of civil aviation (hereinafter referred to as "local administrators") shall supervise and regulate the investment made by domestic investors in the civil aviation industry.
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