Circular on Issues Relevant to Registration Regarding Offshore Investments of Individual Domestic Residents and Foreign Exchange Registration in Respect of Mergers and Acquisitions by Foreign Investors

关于境内居民个人境外投资登记及外资并购外汇登记有关问题的通知

This Circular aims to discourage the withdrawal of venture capital investments, and to ensure lawful and orderly cross border capital flows.

(Issued by the State Administration of Foreign Exchange on, and effective as of, April 21 2005.)

(国家外汇总局于二零零五年四月二十一日发布，自下发之日起施行。)

Hui Fa [2005] No.29

Branches and offices of the State Administration of Foreign Exchange of each province, autonomous region and municipality directly under the central government and the Shenzhen, Dalian, Qingdao, Xiamen and Ningbo municipal branches of the State Administration of Foreign Exchange:

汇发 [2005] 29号

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