1. With an aim to accelerate new Hi-tech progress, encourage foreign merchants to invest new Hi-tech R&D and industrialized projects, these regulations are formulated in accordance with relevant laws, regulations and policies as well as the real situation in the city.

2. The new advanced technology here refers to new advanced technology R&D task and industrialized projects which conform to the development plan of new advanced technology industry and ratified by the new advanced technology assessment agency in Tianjin, which include the ongoing and proposed tasks and projects.

3. The foreign merchants here refer to both economic organizations such as financial institutes, funds and companies from abroad and Hong Kong, Macao, Taiwan etc., and individuals. Domestic economic organizations or individuals who have foreign capital and use it to invest by the law.

4. The law for new advanced technology R&D tasks or industrialized projects using foreign investment should establish R&D institutes or enterprise legal person. The foreign merchants, if approved, can set up R&D institutes or enterprise legal person through establishing Sino-foreign investment projects, Sino-foreign cooperation and foreign investment projects with schools, scientific research institutes, enterprises and other economic organizations in China. Those whose have established R&D institutes, after checked by the science and technology department of Tianjin, will be examined and approved according to relevant regulations, and submitted to the Tianjin Bureau of Finance for the record. Those whose have established enterprises will be examined and approved according to current relevant regulations on establishing foreign invested enterprises.

5. Foreign invested new advanced technology R&D institutes and enterprises have the power to run their business without interference from any department and individual.

6. The achievements made by the foreign invested new advanced technology R&D institutes, by applying to Tianjin science and technology departments, will be entrusted to qualified assessment agency to evaluate. Such achievements can be transferred locally and internationally. Achievements for foreign transfer can be assessed in the foreign country in accordance with international practice and the relevant regulations there.