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What are the procedures for foreign-controlled domestic-funded private enterprises?
1. Both parties shall register with the local foreign trade department;

2. The transferor enterprise shall go to the foreign exchange bureau to register the realization of assets with the above-mentioned registration and approval materials;

3. The transferor shall open an asset realization account in the bank with the approval of the foreign exchange bureau;

4. The foreign capital will transfer the equity price to the transferor's asset realization account, and the bank will issue a certificate that the funds are in place;

5. The transferor shall go to the foreign exchange bureau with the bank certificate to confirm that the funds are in place;

6. Go through the formalities of industrial and commercial change registration;

7. The foreign party handles the foreign exchange registration certificate.