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International Law

: China Briefing Blog

SAFE Regulates Domestic Forex Accounts of Foreign Institutions

By China Briefing

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Jul. 15 - The State Administration of Foreign Exchange released a new circular concerning the opening and usage of domestic forex accounts by foreign institutions on Monday. The descriptively named “Circular on the Issues Regarding the Management of Domestic Forex Accounts of Foreign Institutions” permits qualified domestic Chinese and foreign banks to open forex accounts and [...]

Full post as published by China Briefing Blog on July 14, 2009 (boomark / email).

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