The Ministry of Commerce (MOFCOM) issued the Notice on Strengthening and Improving the Approval and Administration of Foreign-invested Finance Leasing Companies (hereinafter referred to as the "Notice") on July 11, 2013. The Notice requires that all competent commerce departments should strengthen information statistics and follow-up verification of foreign-invested finance leasing companies established after June 2010 in the joint annual inspection of foreign-invested enterprises within their respective administrative regions in the current year. For enterprises which failed to conduct substantive finance leasing business or pass the annual inspection, and violated laws and rules in the previous fiscal year, relevant competent commerce departments should order them to make rectification and promptly report the rectification results to the MOFCOM (Department of Foreign Investment Administration). The Notice clearly specifies that foreign-invested finance leasing companies are not allowed to engage in such business as deposit-taking, loan granting by themselves or on commission; not allowed to engage in the interbank lending, equity investment without approval of relevant departments.