ANNOUNCEMENT 11 May 2013

In May 2013, the government of China announced a rule change for commercial cross-border financial flows.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising
Inception date: 11 May 2013 | Removal date: open ended
Still in force

Controls on commercial transactions and investment instruments

On 11 May 2013, the State Administration of Foreign Exchange (SAFE) released the Measures on the Administration of Foreign Exchange in Foreign Direct Investments, clarifying the administration of foreign exchange and the promotion of foreign direct investment.
 
The SAFE abolished the governmental review and approval requirements for foreign exchange settlement. Instead the review shall be carried out directly by designated banks.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A