State Administration of Foreign Exchange, Circular on Issues Relevant to Strengthening the Control of Foreign Exchange Inflows
国家外汇管理局关于加强外汇资金流入管理有关问题的通知
July 16, 2013 | BY
CLP Temp &SAFE curbs on inflow of hot money.
Issued: May 5 2013
Effective: June 1 2013
Main contents: The reference loan to deposit ratio of Chinese-invested banks shall be 75%, that of foreign-funded banks shall be 100% and the balance-of-payments adjustment coefficient shall be 0.25 (Article 1).
A foreign exchange control authority shall promptly send a risk warning letter to an enterprise whose cash flow and flow of goods are severely mismatched or whose inflow is relatively large, and if the enterprise fails, in a timely manner, to give an account of the situation or is unable to provide supporting documentation and give a reasonable explanation, the foreign exchange control authority shall list it as a B-type enterprise and subject it to stringent oversight (Article 2).
Related legislation: Announcement on the Reform of the Foreign Exchange Control System for Trade in Goods, Jun 27 2012, CLP 2012 No.7 p.32
clp reference:3800/13.05.05 issued:2013-05-05 effective:2013-06-01Issued: May 5 2013
Effective: June 1 2013
Main contents: The reference loan to deposit ratio of Chinese-invested banks shall be 75%, that of foreign-funded banks shall be 100% and the balance-of-payments adjustment coefficient shall be 0.25 (Article 1).
A foreign exchange control authority shall promptly send a risk warning letter to an enterprise whose cash flow and flow of goods are severely mismatched or whose inflow is relatively large, and if the enterprise fails, in a timely manner, to give an account of the situation or is unable to provide supporting documentation and give a reasonable explanation, the foreign exchange control authority shall list it as a B-type enterprise and subject it to stringent oversight (Article 2).
Related legislation: Announcement on the Reform of the Foreign Exchange Control System for Trade in Goods, Jun 27 2012, CLP 2012 No.7 p.32
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