State Administration of Foreign Exchange, Circular on Issues Relevant to Launching a Pilot Project for Reform of the Administration Method for the Settlement of the Foreign Exchange Registered Capital of Foreign-invested Enterprises in Certain Regions

国家外汇管理局关于在部分地区开展外商投资企业外汇资本金结汇管理方式改革试点有关问题的通知

November 10, 2014 | BY

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FIEs allowed to convert their foreign exchange registered capital at their own discretion in pilot regions.

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Issued: July 4 2014

Effective: August 4 2014


Main contents:
With a view to better satisfying and facilitating the operational and capital application requirements of foreign-invested enterprises, the State Administration of Foreign Exchange has decided to launch a pilot project for reform of the method of control of the foreign exchange settlement of the registered capital of foreign-invested enterprises in certain regions (Tianjin Binhai New Area, Shenyang Metropolitan Area, Suzhou Industrial Park, East Lake National Independent Innovation Demonstration Area, Guangzhou Nansha New District, Hengqin New Area, Chengdu Hi-Tech Industry Development Zone, Zhongguancun Science Park, Chongqing Liangjiang New Area, Heilongjiang Border Development and Exchange Control Liberalization Reform Pilot Area, Wenzhou Comprehensive Financial Reform Experimental Area, Pingtan Comprehensive Pilot Zone, China-Malaysia Qinzhou Industrial Park, Guiyang Free Trade Zone, Shenzhen Qianhai Shenzhen-Hongkong Modern Service Industry Cooperation Zone of Shenzhen and Qingdao Municipal Wealth Management and Financial Comprehensive Reform Pilot Zone).

Foreign-invested enterprises registered and established in the pilot areas may convert their foreign exchange registered capital at their own discretion, meaning that