The State Administration of Foreign Exchange of the PRC (SAFE) has issued the wide-ranging, so -called "New Regulations" on foreign exchange/security, effective 1st June 2014.
Key Changes include:
The effecr of the New Regulations is to significantly relax control over cross-border securities and PRC/cross-border financing.
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Primasia will post the updates of Hong Kong and China from time to time. Follow us on our Website/ Blogger/ LinkedIn and stay tunned for our updates!
Key Changes include:
- Abolition of need for prior SAFE approval and quota requirements for cross-border security;
- Reduction of SAFE registration requirement to two specific types of cross-border security only;
- Removal of eligibility requirement for SAFE approval/ registration in order for cross-border securities to be valid;
- Removal of SAFE verification requirement for cross-border securities.
The effecr of the New Regulations is to significantly relax control over cross-border securities and PRC/cross-border financing.
***
Primasia will post the updates of Hong Kong and China from time to time. Follow us on our Website/ Blogger/ LinkedIn and stay tunned for our updates!
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Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email
--------------------------
Follow us on:
Website: Primasia HK / Primasia China
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong
Please contact:
John Barclay -Email
Teresa Tam - Email
--------------------------
Follow us on:
Website: Primasia HK / Primasia China
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong
