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China Insight - Banking & Finance

PBOC Publishes Operational Rules of RMB Account Settlement for Foreign Investment

01/07/2012

On June 14, 2012, the People’s Bank of China (the “PBOC”) published the Circular on Clarifying the Operational Rules of RMB Account Settlement for Foreign Direct Investment (Yin Fa [2012] No. 165) (the “Circular”). The aim of the Circular is to regulate and provide local counterparts of the PBOC and commercial banks with detailed guidelines on their account settlement procedures for the RMB equity investment of foreign investors in China.

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China Insight - Banking & Finance
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