PRC Foreign Exchange Administration Regulations Revised

China's currency has undergone fundamental changes along with the rapid economic development both domestically and in global markets. In order to adapt to today's financial and currency markets, the State Council has adopted a revision of Foreign Exchange Regulations of the People's Republic of China on August 5 2008. Foreign companies need to be familiar with the newly revised foreign exchange regulations.

5 minute readOctober 15, 2008 at 12:58 AM

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By Amy Chen and Jonathan Selvadoray, CMS Legal, Shanghai office*.

According to the Foreign Exchange Regulations of the People's Republic of China 《中华人民共和国外汇管理条例》(Regulations) before the recently introduced revision, the foreign exchange administration focused on its outflow in order for

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