--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service


Hot Links
China Development Gateway
Chinese Embassies

New Forex Rules Debut
The State Administration of Foreign Exchange (SAFE) said on Wednesday enterprises within China's bonded areas needed to observe a new set of foreign exchange management regulations, a move made to improve the business environment in the trade areas.

SAFE, the nation's foreign exchange (forex) watchdog, said the new regulations were issued to further standardize forex activity in the bonded areas, because the old regulations no longer allowed the development of the trade zones.

Bonded areas, first approved by the State Council in 1990, enjoy many preferential policies. They are the country's most flexible areas to conduct business and are characterized by manufacturing and processing, storing and logistics, entrepot trade and international trade.

According to a SAFE statement released on Wednesday, the new regulations will cover 38 forex items in the areas of registration, annual checks, accounts, income and expenditure and the management of sales.

"The adjustment of the rules, based on regulations issued in 1995, will better keep in line with the development of bonded areas," said a SAFE spokesman on Wednesday in a press conference.

"They will officially kick off on October 1," he said.

The new regulations aim to harmonize with the management of other government sectors such as the General Administration of Customs, the Ministry of Foreign Trade and Economic Co-operation, the Ministry of Finance and the State Administration of Taxation, he added.

According to the new rules, both foreign and domestic enterprises in trade zones have to register with SAFE to get forex registration certificates, an identification, which allows those enterprises to conduct foreign exchange-related activities.

As a result, SAFE will abandon foreign-investment enterprise registration certificates, formerly issued only to foreign enterprises.

Three categories of enterprises are allowed to make foreign-exchange purchases thanks to the new regulations, the spokesman said.

Purchasing within the bonded areas was suspended during the Asian financial crisis in 1998 for fear of an outflow of foreign exchange.

The new regulations have also loosened controls on forex accounts. According to the spokesman, the new regulations allow enterprises to open their forex accounts, which comprises current accounts and capital accounts, anywhere. They were previously confined to the bonded areas.

But companies need to get approval from SAFE before opening accounts, he said.

Figures from SAFE show that China has so far established 16 bonded areas across the country, including the Shanghai Waigaoqiao Bonded Area, the Tianjin Port Bonded Area and the Zhuhai Bonded Area.

(China Daily August 22, 2002)

Forex Savings Grow Steadily
Forex Reserves Exceed US$242.7 Billion
Forex Rules to Be Eased for Full RMB Convertibility
China's Forex Reserves Hit US$233.8 Billion
2001 Forex Reserves Set New Record
Ministry of Foreign Trade and Economic Cooperation
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688
主站蜘蛛池模板: 久久久久久久99精品国产片| 亚洲欧美日韩综合久久久久 | 欧美xxxx狂喷水| 免费人成视频x8x8入口| 羞羞视频免费看| 国产人澡人澡澡澡人碰视频| 亚洲人成网站看在线播放| 国产麻豆成91| a级毛片高清免费视频| 性生活视频网址| 四虎永久在线观看免费网站网址 | 大香伊蕉在人线国产最新75| 三上悠亚电影全集免费| 日本一二三高清| 久久男人的天堂色偷偷| 最近更新中文字幕在线| 亚洲制服丝袜第一页| 欧美色成人综合| 亚洲精品短视频| 男生的肌肌插入女生的肌肌| 午夜福利一区二区三区在线观看| 被公侵犯肉体的中文字幕| 国产成人亚洲综合无码精品| 天天摸日日摸人人看| 国产精品久久久久久久久久免费 | 毛片手机在线观看| 国产精品美女久久久久| 91学院派女神| 国内久久精品视频| 99久久免费精品国产72精品九九| 天天射天天干天天舔| h在线免费视频| 女人张开腿日出白浆视频| 亚洲AV日韩AV高潮无码专区| 欧美人与z0xxxx另类| 亚洲最大福利视频| 欧美综合自拍亚洲综合图片区| 亚洲精品无码国产| 波多野结衣一区二区免费视频| 国产AV国片精品一区二区| 蜜臀AV无码精品人妻色欲|