State Administration of Foreign Exchange, Circular on Further Optimizing Exchange Control Relating to Trade

国家外汇管理局关于进一步优化贸易外汇业务管理的通知

June 05, 2024 | BY

Susan Mok

SAFE simplifies foreign exchange procedures for foreign trade enterprises

Issued: April 3, 2024

Effective: June 1, 2024

Main contents: The Circular fine-tunes the registration on, and administration of, the foreign trade enterprise directory. The method of handling for the Enterprise Directory of Trade-Related Foreign Exchange Receipts and Expenditures will be transformed from approval by the foreign exchange bureau to direct handling by a bank (Article 1).

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