New Rule on FDI Foreign Exchange
2013-June-14 Source: Newsgd.com
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On May 13, 2013, the Rule on Foreign Exchange for Foreign Direct Investment in China (the “Rule”) has come into force. The Rule simplifies the procedures for foreign exchange registration, opening and changing of account, collection and settlement of foreign currency. The Rule repels 24 foreign exchange regulations such as the Interim Measure on Foreign Exchange Registration for Foreign Invested Enterprise. The Rule is a milestone for building up a legal framework centering on the foreign exchange registration for foreign direct investment and overseas direct investment.

(This information is provided by Lawyer Kelly Xie from Guangdong KaiTong Law Firm in friendship. It is not any legal opinion or legal grounds addressed to any organization or individual. For inquiry, please contact Kelly via email at Kelly_xie@ktlf.com.cn or by phone on 13926185641.)

Editor: Olivia
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