Free trade zone
Shanghai Branch of the State Administration of Foreign Exchange, Implementing Rules for Foreign Exchange Control to Support the Establishment of the China (Shanghai) Pilot Free Trade Zone
Legislation roundup: FTZ forex registration procedures, cross-border loan security provision and tax exemptions for NPOs
SAFE has relaxed the forex registration process for direct investment in the FTZ and issued a draft to ease control over the provision of loan security. Also, non-profit organisations are now welcome to apply for tax exemptions
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