Understanding the foreign exchange regime

November 09, 2010 | BY

clpstaff &clp articles

Figuring out how to set up your accounts in China can be tricky if you're not sure about foreign exchange controls. Here, a few experts from Baker & McKenzie and Duan & Duan share their insights on what to note when doing commercial banking in the Mainland

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My US-based company is just about ready to finalise the set-up of a wholly foreign-owned enterprise (WFOE) in a second-tier city in China, but I am unsure of the issues