State Administration of Foreign Exchange, Circular on Further Optimizing Exchange Control Relating to Trade
国家外汇管理局关于进一步优化贸易外汇业务管理的通知
June 05, 2024 | BY
Susan MokSAFE simplifies foreign exchange procedures for foreign trade enterprises
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Issued: April 3, 2024
Effective: June 1, 2024
Main contents: The Circular fine-tunes the registration on, and administration of, the foreign trade enterprise directory. The method of handling for the Enterprise Directory of Trade-Related Foreign Exchange Receipts and Expenditures will be transformed from approval by the foreign exchange bureau to direct handling by a bank (Article 1).
The Circular facilitates the settlement of the cross-border trade-related foreign exchange receipts and expenditures of enterprises. The procedures for the