People’s Bank of China, Measures for the Administration of Renminbi Settlement Matters Relating to Foreign Direct Investment
中国人民银行外商直接投资人民币结算业务管理办法
More outbound cross-border Rmb investments expected from FDI earnings.
Issue: November 2011
CLP Reference: 2300/11.10.13
PRC Reference: 人民银行公告〔2011〕第23号
Promulgated: 13 October 2011
Effective: 13 October 2011
Keywords (click to search):
renminbi settlement
foreign direct investment
FDI
foreign investors
foreign-invested enterprises
renminbi settlement account
Issued: October 13 2011
Effective: as of date of issuance
Interpreting authority: People’s Bank of China
Applicability: These Measures shall govern the handling of renminbi settlement matters relating to foreign direct investment by banks (Article 2). In the event of a discrepancy between these Measures and previous relevant provisions, these Measures shall prevail (Article...
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