State Administration of Foreign Exchange, Provisions on Foreign Exchange Control in Connection with Overseas Direct Investment by Organisations in China

国家外汇管理局境内机构境外直接投资外汇管理规定

Forex funds and overseas profits can be used for ODI projects.

4 minute readOctober 10, 2009 at 12:58 AM

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Promulgated: July 13 2009

Effective: August 1 2009

Interpreting authority: State Administration of Foreign Exchange (Safe)

Applicability: The term “overseas direct investment” refers to the establishment or obtaining of ownership, controlling power or rights to operations and management of an existing enterprise or project overseas by an organisation in China by way of establishment of a wholly-owned enterprise or an equity or co-operative joint venture

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