Foreign Investment Committee of China Investment Association, is it a fraud company?

The Foreign Investment Committee of China Investment Association is not a fraud company, but a legal institution established by China Investment Association.

China Investment Association is a national social organization registered in People's Republic of China (PRC) and the Ministry of Civil Affairs of the People's Republic of China, with legal personality. It is an authoritative comprehensive social organization in the field of investment and construction in China, and the competent department is the National Development and Reform Commission.

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The Social Organization Administration of the Ministry of Civil Affairs recently set up a branch to conduct informed criticism on China Investment Association. Upon investigation, China Investment Association made the Reply on Establishing the International Blockchain Investment Development Center of the Foreign Investment Committee of China Investment Association on March 18, 2008, and prepared to set up an international blockchain development center under its foreign investment professional committee.

According to the circular, this behavior violates Article 17 of the Regulations on the Administration of Registration of Social Organizations and Article 4 of the Notice of the Ministry of Civil Affairs on Relevant Issues Concerning the Implementation of Cancellation of Registration of Administrative Examination and Approval Items by Branches and Representative Offices of National Social Organizations in the State Council, which is very wrong.

After the discovery, the Social Organization Administration of the Ministry of Civil Affairs immediately conducted an administrative interview with the China Investment Association, demanding rectification. CIC admits that it is lax in the supervision of the audit of the work of the special committees and bears important management responsibilities for the emergence of problems.

China Investment Association promised to carry out immediate rectification and correction, and on March 23, 20 18, issued the Announcement on Revoking the Reply of the International Blockchain Investment Development Center of the Foreign Investment Committee of China Investment Association, and submitted the rectification report to the Social Organization Administration Bureau of the Ministry of Civil Affairs.

Reference: People's Network? China Investment Association illegally set up a branch by informed criticism.