Hui Fa [2007] No.1
The branches and foreign exchange management departments of the State Administration of Foreign Exchange in each province, autonomous region and municipality directly under the Central Government, the branches in Shenzhen, Dalian, Qingdao, Xiamen and Ningbo , each Chinese-funded appointed foreign exchange banks and China UnionPay Co., Ltd.: For the purpose of implementing the Measures for the Administration of Personal Foreign Exchange (Order No.3 [2006] of the People's Bank of China), the State Administration of Foreign Exchange enacted the Detailed Rules for Implementing the Measures for the Administration on Individual Foreign Exchange (hereinafter referred to as Detailed Rules). We hereby print and distribute these Detailed Rules to you. You shall comply with and implement them earnestly. Each branch and foreign exchange management department of the State Administration of Foreign Exchange shall forward this Circular to all sub-branches, urban commercial banks, rural commercial banks and foreign-funded banks within their respective jurisdictions once they receive this Circular, provide trainings on business operation to the subordinate sub-branches and banks as soon as possible, and publicize the special telephone numbers for interpreting the related policies. Each Chinese-funded appointed foreign exchange banks should forward this Circular to their subordinate branches. In case any entity faces any problem when implementing this Circular, please feedback to the State Administration of Foreign Exchange in a timely manner. Appendix: Detailed Rules for Implementing the Measures for the Administration on Individual Foreign Exchange
The State Administration of Foreign Exchange January 5, 2007 |
