State Administration of Foreign Exchange, Circular on Issues Relevant to Foreign Exchange Control in Connection with Overseas Listing
国家外汇管理局国家外汇管理局关于境外上市外汇管理有关问题的通知
March 17, 2015 | BY
clpstaff &clp articlesApproval requirement of repatriation of offshore listing proceeds lifted.
Issued: December 26 2014
Effective: as of date of issuance
Main contents: The Circular specifies that examination and approval of the repatriation and conversion of offshore proceeds raised from overseas listing of foreign investment shares is abolished, enterprises listed overseas may carry out foreign exchange conversion directly with banks on the strength of their proof of registration of the matter, and integrates foreign exchange accounts to offer convenience in the transfer of funds.
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