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Results: 1-10 of 19

State Administration of Foreign Exchange further tightens lending transactions in foreign exchange for foreign-invested enterprises

  • White & Case LLP
  • -
  • China
  • -
  • January 11 2012

On November 16, 2011, the State Administration of Foreign Exchange (SAFE) promulgated the Circular of the State Administration of Foreign Exchange on Issues Relating to Further Clarification and Regulation of Certain Capital Account Items under Foreign Exchange Control (Hui Fa 2011 No

New PBOC regulation suggests possible liberalization of outbound security provided by PRC companies

  • White & Case LLP
  • -
  • China
  • -
  • August 5 2013

On 5 July 2013, the People's Bank of China ("PBOC") issued the "Circular on Simplifying the Cross-Border RMB Business Procedures and Improving

SAFE delegates approval rights to lower branches in effort to streamline approval process for capital account foreign exchange transactions

  • White & Case LLP
  • -
  • China
  • -
  • July 9 2010

On June 29, 2010, the State Administration of Foreign Exchange (“SAFE”) issued the Notice Regarding Adjustment of Authority to Approve Certain Capital Account Foreign Exchange Transactions (国家外汇管理局关于调整部分资本项目外汇业务审批权限的通知) (the “SAFE Notice 29”), which came into effect on July 1, 2010

Tightened standards in banks’ foreign exchange settlement and sales

  • White & Case LLP
  • -
  • China
  • -
  • July 18 2011

On June 16, 2011, the State Administration of Foreign Exchange of the People’s Republic of China (“SAFE”) issued the Circular on Improving the Administration of Banks' Own Foreign Exchange Settlement and Sales (“2011 Circular”

The NAFMII issued rules for the non-public directional issuance of debt financing instruments by non-financial enterprises in the inter-bank bond market

  • White & Case LLP
  • -
  • China
  • -
  • June 14 2011

On April 29, 2011, the National Association of Financial Market Institutional Investors (“NAFMII”) issued the Rules for the Non-Public Directional Issuance of DebtFinancing Instruments by Non-Financial Enterprises in the Inter-Bank Bond Market (the “Rules”), which came into effect on the issuance date

“Journey home” programs: investment with offshore RMB in mainland China and domestic borrowing of offshore RMB

  • White & Case LLP
  • -
  • China
  • -
  • April 15 2011

Following the development of offshore RMB trade settlement and dynamic growth of RMB bond issuance and lending in Hong Kong, China has recently taken an important further step to internationalize the RMB by launching pilot programs to allow offshore RMB to be invested back in Mainland China

The People’s Bank of China issued an announcement regulating activities on the national interbank bond market

  • White & Case LLP
  • -
  • China
  • -
  • June 14 2011

On April 9, 2011, the People’s Bank of China issued the Announcement of the People’s Bank of China 2011 No. 3 regulating bond transaction activities on the national interbank bond market, which took effect on the same day

Circular on ratifying balance quotas for granting security or guarantee by domestic banks in favour of offshore entities

  • White & Case LLP
  • -
  • China
  • -
  • September 21 2011

On August 16, 2011, the State Administration of Foreign Exchange of the People’s Republic of China (“SAFE”) issued the Circular on Relevant Issues Concerning the Ratification of the Quotas Balance for Granting Foreign Security by Domestic Banks in 2011 (the “ Circular”

PBOC formulates further policy initiatives to promote RMB as an international currency

  • White & Case LLP
  • -
  • China
  • -
  • February 26 2014

On 2 December 2013, the People's Bank of China ("PBOC") issued its Opinions on Financially Supporting the Development of the China (Shanghai) Pilot

Safe circular on issues concerning foreign exchange controls in encouraging and guiding the healthy development of private investment

  • White & Case LLP
  • -
  • China
  • -
  • August 1 2012

On June 11, 2012, the State Administration of Foreign Exchange (“SAFE”) issued the Circular on Issues Concerning Foreign Exchange Controls in Encouraging and Guiding the Healthy Development of Private Investment (Hui Fa 2012 No. 33) (the “Circular”), which involves critical changes in foreign exchange controls for outbound investment