State Administration of Foreign Exchange, Strengthening the Statistical Monitoring of the Cross-Border Flow of Funds in Connection with B Share and Other Transactions Circular

Issued: 13 April 2001

Main contents: The Circular requires securities companies engaged in B share business to report their receipt and return of margins for B share trading (Section One). Registration and settlement companies shall also report their B share settlement transactions with offshore securities companies (Section One (3)). The Circular further requires non-residents to report their foreign-related receipts and payments made through domestic banks (Section Two). Non-bank financial institutions must report their international receipts and payments through domestic banks (Section Three). All this reporting may be made through the banks concerned. Banks are required to transmit the relevant statistics to the foreign exchange administration within the specified time (Section Four).
Related legislation: State Administration of Foreign Exchange, Statistical Reporting on International Receipts and Payments through Financial Institutions Operational Rules