Fight against hot money creates new risks for traders

China once welcomed foreign exchange inflows; now, hot money is threatening its developing economy. To control the flow of trade funds, the regulator has set requirements for compliance with rules on advance payments and deferred receipt of payments. The new rules could lead to tax losses and fines for exporters. By David Wang, Chris Yang and Chris Chen, Broad & Bright Shanghai Office.

15 minute readDecember 18, 2008 at 11:58 PM

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TheCircular on Issues Concerning the Implementation of Registration and Administration of Foreign Claims Related to Goods Trade Items of Enterprises (Document No. 56) was recently issued by the State

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