The branches and foreign exchange administrative departments of the State Administration of Foreign Exchange (SAFE) in all provinces, autonomous regions, and municipalities, and the branches in Shenzhen, Dalian, Qingdao, Xiamen, and Ningbo, as well as the designated Chinese-funded foreign exchange settlement banks,

To strengthen foreign exchange administration for trade in services, to make trade and investment more convenient, and to boost foreign-related economic development, the SAFE has introduced the Guidelines on Foreign Exchange Administration for Trade in Services (Appendix I) and the Rules for Implementation of the Guidelines on Foreign Exchange Administration for Trade in Services (Appendix II), and has rescinded some documents (see Appendix III for a list). Kindly hereby be notified that these documents are circulated to you for execution:

1. The branches and foreign exchange administrative departments should actively promulgate and explain the regulations and publicize your consultation contact information. Banks should be well prepared for implementation of these documents and should make sure that these documents are implemented efficiently after they come into force.

2. Upon receipt of this circular, branches and foreign exchange administrative departments should immediately forward it to central sub-branches (sub-branches), local commercial banks, and foreign banks within their jurisdictions, and all designated Chinese-funded foreign exchange settlement banks should promptly forward it to their branches.

3. After coming into effect, where there is a discrepancy with previous regulations, this circular will prevail.

For any questions regarding the execution of these documents, please contact the Current Account Management Department of the SAFE.

Tel: 010-68402381

Appendix:

I. Guidelines on Foreign Exchange Administration for Trade in Services

II. Rules for Implementation of the Guidelines on Foreign Exchange Administration for Trade in Services

III. Catalogue of Documents to be Rescinded

State Administration of Foreign Exchange

July 18, 2013