Legislation roundup: FX controls and listed company guidelines

Foreign exchange



State Administration of Foreign Exchange, Circular on Further Improving and Revising the Policy for Control of Foreign Exchange on the Capital Account

国家外汇管理局关于进一步改进和调整资本项目外汇管理政策的通知



The Circular simplifies and further liberalises exchange control on the capital account for matters such as foreign claims of lease financing companies, acquisitions of non-performing assets in China by foreign investors, start-up costs of organisations in China in connection with overseas direct investments, extension of loans abroad and outward remittance of profits by enterprises in China and transfers of personal property.