Nonnative investors who participate in reconstruction and reform of the state-run, collective enterprises by means of purchase, annexation, stock-holding, sharing, joint venture, co-operation, contracting, lease etc., and whose holding is over 80% of the total capital of the enterprises are able to enjoy the preferential treatment with reference to the stipulations concerned, and the enterprises in question are viewed as the newly-founded ones. Nonnative investors can see their investments in money, practicality, industry property right, know-how and other property right. The prescribed fees for the transfer of the property right and the registration of the alteration of the real estate are 50% of the preference according to the floor level of the fee-collecting criteria available now. In the process of the alteration of the system, the enterprises in severely predicament are exempted from various administrative fees stipulated locally.