State Administration of Foreign Exchange, Circular on Issues Relevant to Foreign Exchange Control in Connection with Overseas Listing

国家外汇管理局关于境外上市外汇管理有关问题的通知

February 28, 2013 | BY

CLP Temp

SAFE streamlines forex procedures for overseas listing.

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Issued: January 28 2013

Effective: as of date of issuance

Interpreting authority: State Administration of Foreign Exchange

Applicability: The term “overseas listing” refers to the overseas issuance of securities permitted by laws and regulations such as shares (including securities in the form of share derivatives) and convertible corporate bonds by companies limited by shares that are incorporated in China upon permission of the China Securities Regulatory Commission (Domestic Companies), and the public listing and trading thereof on overseas stock exchanges (Article 1).

Main contents: The Circular streamlines and improves foreign exchange control in connection