Provisions on Foreign Exchange Control in Connection with the Cross-border Provision of Security

跨境担保外汇管理规定

SAFE relaxes forex control on cross-border provision of security to facilitate financing.

(Issued by the State Administration of Foreign Exchange on May 12 2014 and effective as of June 1 2014.)

(国家外汇管理局于二零一四年五月十二日公布，自二零一四年六月一日起施行。）

Hui Fa [2014] No.29

汇发 [2014] 29号

Part One: General provisions

第一章总则

Article 1: These Provisions have been formulated pursuant to laws and regulations such as PRC Property Law, PRC Security Law and PRC Regulations for the Control of Foreign Exchange in order to improve exchange control in connection with the cross-border provision of security, regulate receipts and payments in connection with cross-border provision of security and promote the healthy and orderly development of cross-border security business.

第一条为完善跨境担保外汇管理，规范跨境担保项下收支行为，促进跨境担保业务健康有序发展，根据《中华人民共和国物权法》、《中华人民共和国担保法》及《中华人民共和国外汇管理条例》等法律法规，特制定本规定。

Article 2: For

第二条本规定所称的跨境担保是指担保人向债权人书面作出的、具有法律约束力、承诺按照担保合同约定履行相关付款义务并可能产生资金跨境收付或资产所有权跨境转移等国际收支交易的担保行为。