State Administration of Foreign Exchange, Circular on Retaining Foreign Exchange Income on the Current Account by Domestic Institutions

国家外汇管理局关于境内机构自行保留经常项目外汇收入的通知

September 02, 2007 | BY

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Lifting the restrictions on the amount of foreign exchange income on the current account that may be retained by domestic institutions.

Issued: August 12 2007
Effective: As of date of issuance

Applicability: In the event of a conflict between previous
provisions and the provisions of this Circular, this Circular shall prevail (Article 4).

Main Contents: Domestic institutions may retain the foreign exchange income on the current account according to their business needs (Article 1).

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