(Summit No. 55th ordinary meeting of the Government of the People of the City of May 15 November 2012 to consider the adoption of Decree No. 40 of 15 November 2012 by the Government of the People's Republic of China, which came into force on 1 January 2013)

Article I further regulates the development of property and promotes the health development of the premises industry, in line with the Business Management Regulations for the Development of Urban Real estates in the Maghreb, and develops this approach in conjunction with the current city.

Article 2

Article III of this approach refers to the capital fund of the real estate development project (hereinafter referred to as the capital fund of the project) in the overall investment in the real estate development project, which is owned by the real estate development enterprise (hereinafter referred to as the development enterprise) in accordance with a proportion of the total investment of the project, with funds earmarked for the self-monetary funds for the project.

Article IV governs the supervision of capital funds in the city.

The Industrial Property Development Authority (hereinafter referred to as the management body) is responsible for the day-to-day management of the capital fund.

Relevant sectors such as urban development and reform, land resources, urban and rural planning and construction should be managed in accordance with the division of duties, in accordance with the law.

The capital of Article 5 projects shall not be diverted by the exclusive storage, earmarking.

Article 6. The development of an enterprise should select the capital reserve bank and serve as a regulatory bank for project capital funds.

The development of a business should enter into a tripartite regulatory agreement with the management and regulatory banks on capital bonds.

Article 7. Capital of the project shall not exceed 20 per cent.

The capital of the project should be supplemented in a timely manner when the real estate development project expands its investment scale.

Article 8

Article 9

(i) The development of the enterprise holding project plan for approval of documentation and engineering contracts to apply to the management authorities for the amount of the authorized capital contributions for the project;

(ii) The management body shall complete the approval of the capital fund for the project within three working days of the date of receipt of the request and give the notice of the capital of the project;

(iii) The development of a notice of the capital deposit of the project to the regulatory banks to pay the capital of the project in full;

(iv) After project capital deposits, the Regulatory Bank should make the project capital book in full.

Article 10 Development of a project capital reserve from the Regulatory Bank, in full storage certificate, to the municipal construction authorities for the construction of construction works permits.

Article 11. The development of an enterprise shall apply in a phased manner to capital funds for the use of the project in accordance with the progress made in the construction of the project for the development of the real estate:

(i) After completion of the construction of the engineering base, 60 per cent of the total capital of the project could be used;

(ii) To achieve progress in the construction of the project as follows:

The following three levels (three-tiers) have been completed to complete basic and structural works;

More than 2, four levels (four-size-quarters) are in place to complete basic and first-tier structural works; no-land room works to complete basic and four-tier structural works.

(iii) After the completion of the construction of the quality of the work, the full interest in the remaining project capital payments and project capital bonds could be used.

The following information should be submitted to the management bodies when developing enterprise applications for capital funds for the use of projects:

(i) The application for capitalization of the project;

(ii) The Business Development Project Manual, which is available;

(iii) Progress in the construction of works by the institution.

The completion of the construction of the quality of the work was completed and the material should be presented.

Article 13 shall be completed by the management body within three working days of the date of receipt of the application for capitalization of the project. In order to meet the conditions, it was agreed to use the evidence that the Bank was allocated accordingly. The use is not approved and the reasons are written.

Article 14. The real estate development project is transferred by law and the licensee shall pay the capital of the project in full accordance with the provisions of this approach.

The transferee may redeploy the capital balance of the project after the transferee has stored the corresponding amount of capital under this scheme.

Article 15. The development of an enterprise shall keep the capital deposit and use of the project in a timely manner in the title of the Property Development Project Manual and keep the management body back.

Article 16 regulates banks, in violation of the provisions of this scheme or in violation of the project capital bond regulation agreement, to take over the allocation of capital funds for the project and assume the corresponding legal responsibility.

Article 17: The authorities of the city and their governing bodies abuse their functions in the management of capital bonds, in favour of private fraud, incentivism, and indecentives are lawfully disposed of by law; and in the form of a crime, criminal liability is prosecuted by law.

Article 18