-
Q: The State Administration of Foreign Exchange has provided window guidance to selected commercial banks with regard to a higher deficit in bank's sales and settlement of foreign exchange, requiring them to take proper measures to narrow the deficit, according to recent media reports. What would you say about this? A: This is not true. Foreign exchange authorities have not taken any new regulatory measures for currency exchanges or cross-border receipts and payments thus far, except to require banks to observe the existing foreign exchange regulations, implement the self-regulatory requirements and intensify authenticity and compliance reviews. The foreign exchange administration policies remain consistent with the previously published ones, with no change made. The foreign exchange purchase, payment, receipt and settlement are handled as usual. Next, foreign exchange authorities will systematically press ahead with the reform in key aspects, further enhance the level of trade and investment facilitation, intensify early warning with regard to monitoring of cross-border capital flows, help banks to improve the self-regulatory mechanism, and to implement the business requirements and responsibilities in authenticity and compliance reviews, while maintaining a tough stance on foreign exchange irregularities, in a bid to safeguard China's economic and financial security. 2016-12-19/en/2016/1219/1234.html
-
To ramp up the administrative approval efficiency and improve law-based administration with regard to foreign exchange administration, so that the transparency of law-based administration could be ensured, the State Administration of Foreign Exchange (SAFE) has recently published the Statistical Table on Intermediary Services Involved in Administrative Approval and Entrusted to Relevant Institutions by Administrative Counterparts (Statistical Table). By making known the intermediary services, the SAFE aims to facilitate the general public's inquiries and understanding. The Statistical Table's highlights include 6 intermediary service items required in 3 administrative approval items under the capital account, such as financial audit report, capital verification report and power of attorney. This is another key move the SAFE has taken in recent years to implement the State Council's requirements on administration streamlining, power delegation and strengthening services to boost law-based administration and information transparency. For the details of the Statistical Table, please visit the SAFE's official website at "online services - administrative approval - administrative approval items". 2016-12-23/en/2016/1223/1239.html
-
On December 20, 2016, Pan Gongsheng, Administrator of the State Administration of Foreign Exchange (SAFE), met with a delegation from the Hong Kong Association of Banks (HKAB) headed by Mr. Norman Chan, Chief Executive of the Hong Kong Monetary Authority (HKMA) and Ms. Chen Xiumei, Chairperson of the HKAB. The two sides exchanged ideas on issues of both concern such as foreign exchange situation, and foreign exchange administration policies. According to Administrator Pan Gongsheng, the cross-border capital flow risk is within control at the moment, and there are long-term fundamental factors that support the equilibrium of the balance of payments. The SAFE will be committed to trade and investment facilitation under the existing policy framework. What's more, the SAFE will also guard against cross-border capital flow risks, intensify regulation of foreign exchange markets, and crack down on foreign exchange irregularities, in a bid to sustain the health and stability of foreign exchange markets. 2016-12-20/en/2016/1220/1237.html
-
By May31, 2006 No. Banks 1 Bank of China 2 China Construction Bank 3 China Citic Bank 4 China Merchants Bank 5 Bank of Montreal Ltd., Guangzhou Branch 6 Citibank,N.A., Shanghai Branch 7 Industrial and Commercial Bank of China 8 Bank of Communications 9 Agricultural Bank of China 10 Industrial Bank 11 The HongKong and Shanghai Banking Corporation Ltd., Shanghai Branch 12 Standard Chartered Bank Shanghai Branch 13 ABN AMRO Bank N.V., Shanghai Branch 14 Shanghai PuDong Development Bank 15 The Bank of Tokyo-Mitsubishi UFJ,Ltd, Shanghai Branch 2006-05-31/en/2006/0531/1283.html
-
FILE: Annual Report of the State Administration of Foreign Exchange (2005) 2006-11-02/en/2006/1102/1274.html
-
FILE: Annual Report of the State Administration of Foreign Exchange (2009) 2010-07-21/en/2010/0721/1275.html
-
FILE: Annual Report of the State Administration of Foreign Exchange (2013) 2014-07-07/en/2014/0707/1279.html
-
FILE: Annual Report of the State Administration of Foreign Exchange (2014) 2015-06-25/en/2015/0625/1280.html
-
FILE: Annual Report of the State Administration of Foreign Exchange (2015) 2016-07-01/en/2016/0701/1281.html
-
FILE: Annual Report of the State Administration of Foreign Exchange(2010) 2011-08-23/en/2011/0823/1276.html