State Council, PRC Regulations for the Control of Foreign Exchange (2nd Revision)

国务院中华人民共和国外汇管理条例 (第二次修订)

October 15, 2008 | BY

clpstaff &clp articles

Forex regulations revised to curb inflow of hot money.

Clp Reference: 3800/08.08.05 Promulgated: 2008-08-05 Effective: 2008-08-05
Promulgated
Effective

Main Contents: The Regulations cover:

- the control of foreign exchange on the current account;
- the control of foreign exchange on the capital account;
- the control of the foreign exchange business of financial institutions; and
- the administration of the renminbi exchange rate and the foreign exchange market.

clp reference:3800/08.08.05
prc reference:国务院令第532号
promulgated:2008-08-05
effective:2008-08-05

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