Foreign Exchange Control in China lays out comprehensively the compliance requirements, procedures, and documentation for the conduct of foreign exchange transactions in China. Written in an easy-to-read format, the book is designed to help readers understand and handle the various complicated aspects and requirements of foreign exchange control in China.

• In order to have a better control on transfers of foreign currencies, transactions including inflow and outflow of funds, should be genuine and supported with evidences.
• In addition, there are stringent controls over conversion of foreign exchange capital into RMB.
• Starting from 14th July 2008, there are new measures to monitor foreign currency flowing into China for import and export, which result in pressures in importers or exporters of China on fund management.
  

Contents Includes:

• History and evolution of foreign exchange control in China
• Modes and objectives
• The current account
• The capital account
• Foreign exchange market and foreign exchange operations of financial institutions
• Balance of payments and foreign exchange statistics
• Foreign exchange inspection and penalties
• Foreign exchange accounts
• Foreign exchange control compliance requirements for foreign investment enterprises
• Verification of export collection
• Verification of import payment
• Foreign exchange administration of service trade and individuals
• Foreign exchange compliance requirements applicable to bonded zones, qualified foreign institutional investors and mergers and acquisitions
• Foreign exchange administration of banking
  Latest developments and future of foreign exchange control in China

Product Includes:

One hard bound book