foreign exchange

Important Reform of Foreign Exchange Administration System for Trade in Goods

On Dec 01, 2011 China rolled out a pilot reform of its foreign exchange control system for international trade in goods in pilot regions including Jiangsu, Shandong, Hubei, Zhejiang (excluding Ningbo), Fujian (excluding Xiamen), Dalian, and Qingdao. 

Shanghai foreign exchange controls on remittance of cost reimbursement items

In December 2010, the Shanghai Foreign Exchange Authority (SFEA), a branch of the State Administration of Foreign Exchange (SAFE), released a circular that relaxed FOREX control requirements on cross-border payments of reimbursements and other allocated expenses.

Beijing - Shanghai - Shenzhen - Hong Kong - Paris
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