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Rules and Regulations
  • Index number:
    000014453-2015-00354
  • Dispatch date:
    2015-08-18
  • Publish organization:
    State Administration of Foreign Exchange
  • Exchange Reference number:
    Huifa No. 26 [2015]
  • Name:
    Circular of the State Administration of Foreign Exchange on the Amendment to the Measures for Assessment of Banks’ Implementation of Regulations on Foreign Exchange Administration
Circular of the State Administration of Foreign Exchange on the Amendment to the Measures for Assessment of Banks’ Implementation of Regulations on Foreign Exchange Administration

The branches and foreign exchange administrative departments of the State Administration of Foreign Exchange (SAFE) in all provinces, autonomous regions, and municipalities directly under the Central Government; the branches of the SAFE in Shenzhen, Dalian, Qingdao, Xiamen, and Ningbo; and national Chinese-funded banks:

To further promote smooth progress in the assessment of the banks' implementation of regulations on foreign exchange administration and to make this work more scientific and fair, the State Administration of Foreign Exchange has once again amended the Measures for Assessment ofBanks’ Implementation of Regulations on Foreign Exchange Administration (see Appendix, hereinafter referred to as the “Measures”). We hereby provide notification on the relevant issues as follows:

I. After receiving this Circular, all branches and foreign exchange administrative departments of the State Administration of Foreign Exchange shall immediately forward this Circular to the central sub-branches, sub-branches, urban commercial banks, rural commercial banks, wholly foreign-funded banks, Chinese-foreign joint venture banks, branches of foreign banks, and rural cooperative financial institutions within their respective jurisdictions, complete as soon as possible the operational training for their central sub-branches and sub-branches within their respective jurisdictions, and, in strict accordance with the Measures, carry out fair and just assessments of the banks within their respective jurisdictions.

II. All national Chinese-funded banks shall forward this Circular to their branches within their respective jurisdictions as soon as possible, earnestly implement the relevant requirements of the Measures, and conduct their various businesses in accordance with the relevant laws and regulations.

. The Circular of the State Administration of Foreign Exchange on Revising the Measures for Assessment of Banks' Implementation of Regulations on Foreign Exchange Administration (Huifa No. 38 [2010]), the Circular of the General Affairs Department of the State Administration of Foreign Exchange on Supplementary Entry of Assessment Information in the System for Assessment of Banks' Implementation of Regulations on Foreign Exchange Administration (Huizongfa No. 128 [2010]) , and the Circular of the State Administration of Foreign Exchange on Adjusting the Assessment Period of Banks' Implementation of Regulations on Foreign Exchange Administration (Huifa No. 42 [2014]) shall be annulled from the date of issuance of the Circular. Assessments ofbanks’ implementation of regulations on foreign exchange administration in 2015 shall be governed by the Measures.

If any problems are encountered during implementation, please report them to the relevant departments of the SAFE in a timely manner. Telephone numbers: 010-68402113 (General Affairs Department), 010-68402593 (Balance of Payments Department), 010-68402104 (Current Account Management Department), 010-68402348 (Capital Account Management Department), 010-68402378 (Supervision and Inspection Department) and 010-68402028 (Data Monitoring Center for Foreign Exchange Transaction).

 

Appendix: Measures for Assessment ofBanks’ Implementation of Regulations on Foreign Exchange Administration

 

 

 

 

State Administration of Foreign Exchange

June 17, 2015

 





FILE: Measures for Assessment of Banks’ Implementation of Regulations on Foreign Exchange Administration

The English translation may only be used as a reference. In case a different interpretation of the translated information contained in this website arises, the original Chinese shall prevail.

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