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Can You Explain China's Foreign Exchange Control Regime?
April 11, 2022 | BY
Susan MokKainan Zhang and Junting Lei of Haiwen & Partners highlight the main PRC foreign exchange regulatory requirements of different types of cross-border investment and trade by domestic and foreign individuals and institutions under capital and current accounts.
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Summary
- SAFE and its local branches are the main functional authorities in charge of foreign exchange administration in China.
- Foreign individuals may invest in A-share listed companies.
- For foreign individuals, the facilitation quota of USD50,000 per person per year applies to foreign exchange settlement only.