The Circular aim to maintain the balance of payments and to ensure the compliant and orderly flow of cross-border capital. Local investors who wish to invest abroad with it sown domestic assets/equity shall obtain the verification of the foreign exchange administration.
Promulgated: December 29 2004Main contents: "Credit cards" provided in the Criminal Law refers to electronic payment cards issued by commercial banks or…
Issued: February 4 2005Effective: March 1 2005Applicability: In the event of a conflict between previous provisions and this Circular, this Circular shall…
Promulgated: December 7 2004Effective: December 15 2004Interpreting authority: People's Bank of China (PBOC)Applicability: The term "bonds" as used in…
Issued: February 5 2005Main contents: The Circular specifies the policies on value-added tax, consumption tax and enterprise income tax involved in the…
Issued: November 16 2004Effective: as of date of issueMain contents: Trust and investment companies shall keep trust funds and their own funds under separate…
Issued: January 26 2005Effective: April 1 2005Applicability: In the event of a conflict between this Circular and relevant provisions of the People's Bank…
Promulgated: January 21 2005Effective: as of date of promulgationInterpreting authority: People's Bank of China (PBOC)Applicability: Financial institutions…