Update: voluntary FX capital settlement available nationwide in China
China has decided to extend voluntary settlement of foreign exchange capital nationwide to make FX capital settlement easier for foreign-invested enterprises.
To further deepen the reform of foreign exchange (FX) management and facilitate the business and capital operations of foreign-invested enterprises (FIEs), the State Administration of Foreign Exchange (Safe) of China issued a notice on April 8 to give all FIEs in the country the same treatment as those in the 16 pilot zones.
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