China aims for simpler forex regulations
China will simplify regulations on foreign exchange management to create a more convenient investment environment for foreign investors, the State Administration of Foreign Exchange (SAFE) said Saturday.
BEIJING - China will simplify regulations on foreign exchange management to create a more convenient investment environment for foreign investors, the State Administration of Foreign Exchange (SAFE) said Saturday.
The SAFE issued a new guideline which further clarifies forex management for foreign investors and abolishes some normative documents fettering foreign direct investment.
The guideline urged to integrate and simplify the process of registering, opening account, utilizing and payment of capital with foreign exchange.
A total of 24 clauses of forex regulation will be abolished, the SAFE said.
The guideline will be put into effect on May 13, 2013.
You May Like
-
Quanyou teamed up with the fashion brand ANNAKIKI to launch a new joint product!
-
Outer, an outdoor furniture brand founded by Chinese, enters the Australian market
-
National Bureau of Statistics: The retail sales of furniture in the first three quarters reached 120.5 billion, an increase of 20.7%
-
Enveloping lounge chairs and lightweight office chairs from Arper feature
沪公网安备31010402003309号
