State Administration of Foreign Exchange, Improving the Verification of Foreign Exchange Settlement for Capital Account Items and the Administration of Foreign Debt Registration of Foreign-invested Enterprises Circular
国家外汇管理局关于改进外商投资企业资本项目结汇审核与外债登记管理工作的通知
July 02, 2004 | BY
clpstaff &clp articlesTighter restrictions on foreign debts of FIEs are implemented, and 'hot money' inflows into RMB are as tightly restricted as 'capital flight' outflows.
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Issued: May 17 2004
Effective: 45 days after the date of issue
Main contents: The State Administration of Foreign Exchange has changed its policy on verification of foreign exchange settlement for capital account items and foreign debt registration of foreign-invested enterprises.
Related legislation: Issues Relevant to Improving Foreign Exchange Control on Foreign Direct Investment Circular, Mar 3 2003, CLP 2003 No.3 p and Reforming the Mode of the Administration of Foreign Exchange Settlement of Capital Funds of Foreign Investment Circular, Jun 17 2002, CLP 2002 No.6 p10