Representative directors, who represent corporation and conduct affairs, are necessary standing organ of stock corporation.

代表董事是代表公司并持有业务执行权限的董事，是股份公司的必要的常设机关。

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The method of enterprise income tax payment by the permanent representative offices of foreign enterprises shall no longer be defined by the taxation organ from July 1, 2003.

自2003年7月1日起，对于外国企业常驻代表机构的具体纳税方法，不再由主管税务机关进行界定。

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Article 4 the People's Bank of China is the organ to be responsible for the examination and approval of the representative offices and for the supervision and administration of their businesses.

第四条中国人民银行是代表处的审批和业务监督机关；中国人民银行分行对本辖区的代表处进行日常监督。

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