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ANNOUNCEMENT 11 May 2013
In May 2013, the government of China announced changed rules for foreign investors.NUMBER OF INTERVENTIONS
1
SOURCE
SAFE Notice (in Mandarin): http://www.safe.gov.cn/wps/portal/!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os3gPZxdnX293QwML7zALA09P02Bnr1BvIyNvc6B8pFm8s7ujh4m5j4GBhYm7gYGniZO_n4dzoKGBpzEB3eEg-_DrB8kb4ACOBvp-Hvm5qfoFuREGWSaOigDuOwR_/dl3/d3/L2dJQSEvUUt3QS9ZQnZ3LzZfSENEQ01LRzEwODRJQzBJSUpRRUpKSDEySTI!/?WCM_GLOBAL_CONTEXT=/wps/wcm/connect/safe_web_store/safe_web/zcfg/zbxmwhgl/zjtzwhgl/node_zcfg_zbxm_kjtz_store/931334804f92a8009c79bebabd3994e6
China Daily USA, May 14, 2013, 'Rules on foreign investment simplified': http://usa.chinadaily.com.cn/epaper/2013-05/14/content_16498402.htm
On May 11, 2013, China's State Administration of Foreign Exchange (SAFE) issued a Notice to the various relevant local administrations declaring 24 regulations on Foreign Direct Investment inapplicable. The regulations have been abolished as part of the government's efforts to reduce red tape and increase transparency in FDI.
The repealed regulations deal mostly with various registration and approval requirements that used to be in place for FDI-related capital inflows (Annex 2 of the SAFE Notice lists the 24 regulations that were repealed). Under the simplified procedures, foreign currency registration as well as other dimensions of the international payment system shall be facilitated.
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