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SAFE Relaxes Repatriation Restrictions under Neibaowaidai Structure

On 26 January 2017, the State Administration of Foreign Exchange (SAFE) of China released a Circular on Further Advancing the Reform of Foreign Exchange Administration and Improving the Examination of Authenticity and...more

2/8/2017  /  China , Foreign Debt , Loans , NDRC , SAFE

China's new restrictions on outbound investments and remittance

In 2016, the value of RMB depreciated over 6% against the US dollar and China’s foreign exchange reserves dropped sharply. Such depreciation of RMB and the continuous capital outflow at extraordinary levels have caused the...more

NDRC’s Reform On The Administration Of Foreign Debts - How It May Affect Your Transactions

On 14 September 2015, the National Development and Reform Commission (NDRC) promulgated the Notice on Accelerating Reform on the Administration of Filing and Registration of Foreign Debts Issued by Enterprises...more

SAFE Relaxes Control over Provision of Cross Border Security

On 19 May 2014, the State Administration of Foreign Exchange (SAFE) released the long awaited Foreign Exchange Administrative Provisions on Cross-Border Security and its implementation guidelines (collectively the New SAFE...more

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