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China Insight - Corporate

Less Restrictions on Settlement and Use of Foreign Exchange Registered Capital of Foreign-invested Enterprises in Certain Regions

15/09/2014

On 15 July 2014, the State Administration of Foreign Exchange (“SAFE”) published the Circular on Relevant Issues regarding Pilot Reform on Administration of Foreign Exchange Registered Capital of Foreign-invested Enterprises in Certain Areas (Hui Fa (2014) No. 36) (“Circular No. 36”), which came into effect on 4 August 2014. Circular No. 36 liberalizes, to a certain extent, the restrictions on settlement and use of foreign exchange registered capital of foreign-invested enterprises (“FIEs”) in sixteen development zones1 (“Pilot Zones”) in China. We highlight below the changes brought by the Circular No. 36.

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Source
China Insight - Corporate
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Authors

Picture of Ulrike Glueck
Dr. Ulrike Glueck
Managing Partner
Shanghai