Legislation roundup: Banks' FX sales, personnel cutbacks and automobile parallel imports

SAFE has eased market access for foreign exchange, employee termination requirements have been heightened and the Shanghai FTZ has launched a pilot project for the parallel import of automobiles

3 minute read January 16, 2015 at 01:48 AM
By
clpstaff and clp articles

Foreign exchange



State Administration of Foreign Exchange, Implementing Rules for the Measures for the Administration of the Handling of the Settlement and Sale of Foreign Exchange by Banks

国家外汇管理局银行办理结售汇业务管理办法实施细则



The Rules integrate the administration of market access for the spot settlement and sale of foreign exchange and the renminbi and foreign exchange derivative business of banks, and simplify the procedure for amendment of the record filing of the foreign exchange settlement and sale particulars of banks.

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