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State Administration of Foreign Exchange, Circular on Issues Relevant to Further Strengthening the Administration of Foreign Exchange Transactions
国家外汇管理局关于进一步加强外汇业务管理有关问题的通知

Four new measures to prevent inflow of hot money.

Issue: May 2011

CLP Reference: 3800/11.03.18

Promulgated: 18 March 2011

Effective: 01 April 2011

Keywords (click to search): foreign exchange position entrepôt trade trade in goods short-term foreign debt quotas

Issued: March 18 2011
Effective: April 1 2011

Main contents: In regards to banks that have launched forward settlement and sale of foreign exchange business whose balance of cash basis position is negative, the lower limit of their foreign...

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