But in late 2005, Chinese securities regulators stopped accepting new applications for foreign joint ventures, and moved to restructure the domestic industry.

不过，2005年年底时，中国证券监管机构就不再受理成立合资企业的申请，并开始着手重组国内证券业。

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Article 3 the proportion of registered capital and total amount of investment of Chinese-foreign equity joint ventures shall abide by the following provisions.

第二条中外合资经营企业的注册资本，应当与生产经营的规模、范围相适应。合营各方按注册资本的比例分享利润和分担风险及亏损。

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Job referral agencies of Chinese-Foreign joint ventures and cooperatives.

第五条中外合资、中外合作职业介绍机构可以从事下列业务。

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Foreign and Chinese firms that wanted to enter joint ventures had no way of gauging the counterparty risk of potential partners.

ECONOMIST: China's financial markets

Next come the joint ventures between private (often foreign) companies and Chinese state-backed entities.

ECONOMIST: The hidden costs of state capitalism

Under the new agreement, Chinese companies will own at least 51% of the joint ventures, and the foreign joint venture partners will need to provide key areas of technology to even have minority ownership.

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