Cross-border fund and capital movements arising from international trade and investments have become more frequent with the globalization, but exchange restrictions still exists and challenges this free payment requirement.

In China, Foreign exchange regulations are complicated and updated frequently. For example, SAFE issued over two hundreds of documents only in 2009. All these normative actions must be compliant by various companies and banks in such area as foreign exchange account, verification of import payments, verification of export collections, foreign debts and guarantees, service trade, bonded zones etc.

Hence we published this Chinese book of China Foreign Exchange Control based its English version, in order to help readers understand and handle the various complicated aspects and requirements of foreign exchange control in China.

• Written by top foreign exchange experts (Foreign exchange practitioner from the Bank, well-known financial lawyer from Llinks and tax experts from KPMG)).
• Foreign exchange operation comments, legal opinions and tax suggestions. The experts from bank, law firm and accounting firms in their own domain specific share their best practice and viewpoints on the relevant foreign exchange policy and regulations.
• In an easy-to-read format, abundant of diagrammatic Analysis with a list of the procedures to follow and applicable documentation provided.
• Useful classification of complicated foreign exchange regulations and provision with the bilingual original copies for the principal regulations.

Contents Includes:

1. General consideration

• History and Evolution
• Modes and Objectives

2. China’s current foreign exchange framework

• the current account
• the capital account
• foreign exchange market and foreign exchange operations of financial institution
• Balance of payments and foreign exchange statistics
• Foreign exchange inspection and penalties

3. Practical guide to foreign exchange business

• foreign exchange accounts
• Foreign exchange control compliance requirements for FIEs
• verification of export collection
• Verification of import payment
• Foreign exchange administration of service trade and individuals
• Bonded zones, QFII & M&A
• Foreign exchange administration of banking

4. Foreign debts and foreign security

• Foreign debts
• Foreign security

5. Tax and Foreign Exchange

• Foreign exchange consideration in transfer pricing

6. Appendix

• foreign exchange regulations checklist
• Principal foreign exchange regulations text in bilingual

Product Includes:

• One loose-leaf Subscription, and four times updates annually
• Monthly Newsletter of China Tax & Accounting Watch in Chinese and weekly PRC Briefing in English, both emailed to desktop