Reply of the General Office of the State Council on Xingda International Shipping Trade Co., Ltd. Establishing a Branch in Hong Kong

This document approves the establishment of a branch in Hong Kong by Xingda International Shipping Trade Co., Ltd., a joint venture between Shanghai Haixing Shipping Co., Ltd. and US Heda Co., Ltd., and directs that the company's business scope be submitted to the Ministry of Foreign Economic Relations and Trade for approval.