The State Administration of Foreign Exchange (SAFE), the Ministry of Commerce, and the General Administration of Customs recently jointly promulgated the Measures for the Online Inspection of Foreign Exchange Collection and Settlement of Export Proceeds for the purposes of strengthening supervision of cross-border capital flows and improving inspection of the authenticity and conformity of export transactions and the involved foreign exchange settlement. According to the Measures, the online inspection will be carried out on the foreign exchange collection and settlement of export proceeds beginning on July 14, and the registration management system for enterprises' trade credit will also become operational. At the beginning of the trial operation of the system, two deputy administrators of the SAFE, Li Dongrong and Deng Xianhong, respectively visited banks and enterprises in Beijing to investigate the trial run and onsite operations of the system, and they answered questions from banks and enterprises. |
SAFE News
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- Index number:
- 000014453-2019-0184
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- Dispatch date:
- 2008-07-15
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- Publish organization:
- State Administration of Foreign Exchange
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- Exchange Reference number:
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- Name:
- Leaders of the SAFE Visit Banks and Enterprises to Understand Implementation of the Policy of Online Inspection of Foreign Exchange Collection and Settlement of Export Proceeds
Leaders of the SAFE Visit Banks and Enterprises to Understand Implementation of the Policy of Online Inspection of Foreign Exchange Collection and Settlement of Export Proceeds