State Administration of Foreign Exchange, Circular on Revising the Policies on Control of Foreign Exchange on the Current Account

国家外汇管理局关于调整经常项目外汇管理政策的通知

July 02, 2006 | BY

clpstaff &clp articles &

Issued: April 13 2006Effective: May 1 2006Main contents: The Circular consists of three parts:1. Abolition of Advance Examination and Approval of the Opening…

Clp Reference: 3810/06.04.13 Promulgated: 2006-04-13 Effective: 2006-05-01

Issued: April 13 2006
Effective: May 1 2006

Main contents: The Circular consists of three parts:
1. Abolition of Advance Examination and Approval of the Opening of Current Account Related Foreign Exchange Accounts, and Increasing the Limits on Current Account Related Foreign Exchange Accounts
2. Simplification of Foreign Exchange Sale and Payment Documents for Trade in Services, and Revision of the Authority for the Examination of Sales and Payments of Foreign Exchange in Relation to Trade in Services
3. Relaxation of Policies on the Purchase of Foreign Exchange by Resident Individuals of China, and Implementation of Control of the Total Annual Amount
Related legislation: People's Bank of China, Announcement [2006] No.5, Apr 13 2006 CLP No.4 p.37

clp reference:3810/06.04.13promulgated:2006-04-13effective:2006-05-01

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]