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China Insight - Corporate

Further Relaxation of Use and Conversion of Registered Capital Denominated in Foreign Exchange of Foreign-invested Enterprises in China

16/04/2015

Last July, the State Administration of Foreign Exchange (“SAFE”) launched a pilot reform in 16 pilot zones (“Pilot Zones”) to liberalize the restrictions on use and conversion of foreign exchange registered capital of foreign-invested enterprises (“FIEs”). On 30 March 2015, the SAFE now published the Circular on Reforming the Administration Measures on Conversion of Foreign Exchange Registered Capital of Foreign-invested Enterprises (Hui Fa (2015) No. 19) (“Circular No. 19”), which will come into effect on 1 June 2015. The Circular No.19 mirrors the measures already implemented in the Pilot Areas and extends them to the whole country.

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Source
China Insight - Corporate
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Authors

Picture of Ulrike Glueck
Dr. Ulrike Glueck
Managing Partner
Shanghai
Kevin Wang
Kevin Wang, LL.M.