China: Foreign exchange regulations revised
Jun He Law Offices, Shanghai |
October 01, 2008
Back to international briefings menu
Jun He Law Offices
Address
Shanghai
Telephone
+86 21 5298 5488
Fax
+86 21 5298 5492
The revised Foreign Exchange Administration Regulations of the People's Republic of China (New FX Regulations) were promulgated on August 8 2008 and came into effect on the same date, a clear response to the swift growth of the country's nearly $2 trillion foreign exchange reserve as well as rising cross-border currency flow.
The New FX Regulations have removed the mandatory requirements for transfer and settlement of...
The rest of this article is available to subscribers only. Subscribe today for full access to this article.
Alternatively take a free trial, giving you access for 48 hours*.
If you are already a subscriber, please log in below to access the rest of this article.
*some articles may be excluded.