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In accordance with the relevant provisions of the Foreign Investment Law of the People's Republic of China and the Measures for the Reporting of Foreign Investment Information, foreign-invested enterprises shall submit their annual reports for the previous year through the National Enterprise Credit Information Publicity System (Jiangsu) (https://js.gsxt.gov.cn) from January 1st to June 30th each year. Foreign-invested enterprises established in the current year shall submit their annual reports starting from the following year. The annual report shall cover basic foreign investment information, investor information, operational details of foreign investment, credit and debt situations, tax exemptions or reductions for imported equipment, and assets and liabilities.

Foreign investors directly investing in Jiangsu to establish companies or partnerships; foreign (regional) enterprises engaging in production and business operations in Jiangsu; foreign (regional) enterprises establishing resident representative offices in Jiangsu for production and business operations; and enterprises reinvested and established within China by investment companies, venture capital enterprises, and partnerships with investment as their primary business.

If foreign-funded enterprises fail to fulfill their annual reporting obligations within the specified time, they will be included in the list of enterprises with abnormal operations by market regulatory authorities and shall bear relevant legal responsibilities for foreign investment information reporting. In addition, this will also be regarded as the enterprise's failure to participate in the foreign exchange authority's registration of stock equity in domestic direct investment (FDI stock equity registration), and the enterprise will face restrictions or prohibitions, such as joint disciplinary actions, when handling profit remittance, government procurement, project bidding, and the conferral of honorary titles.

In the "Basic Information" and "Investor Information" sections of the annual report, the data for "current year' employee compensation" should be filled in with the figures for the reporting year period, while other information should be filled in based on the status as of the end of the reporting year. In the "Operating Information" section, the figures for "total debt to foreign investors," "total deposits from foreign investors," "total bonds held by foreign investors," and in the "资产负债情况" (Asset-Liability Information) section should be filled in with the data as of the end of the reporting year, while other figures should be filled in with the data for the reporting year period.

If the business scope involves special administrative measures for foreign investment access stipulated by the state, or the negative lists under the Mainland and Hong Kong/Macao CEPA Agreement on Trade in Services and CEPA Agreement on Investment, the name, number, and date of the administrative permit obtained from the competent industry authority should be filled in.

3. Foreign employees

4. Bachelor's degree or above

5. Employee compensation for the current year

6. Reverse Investment

7. Tax reduction and exemption for imported equipment

Source: Xinwu Market Supervision