Issued: December 20 2001
Main contents: The Circular states that the prohibition on advance purchase of foreign exchange for letter of guarantee and stand-by letter of credit purposes continues to be valid (Item One).
General Office of People's Bank of China, Questions Relevant to the Handling of the Letter of Credit and Letter of Guarantee Business by Foreign-funded Banks Circular
中国人民银行办公厅关于外资银行办理信用证和保函业务有关问题的通知
Restrictions on the advance purchase of foreign exchange and on accepting renminbi payments when issuing letter of credit or letter of guarantee.
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