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The General Administration of Customs (GAC), the State Administration of Taxation (SAT) and the State Administration of Foreign Exchange (SAFE) have recently signed the Framework Agreement on Cooperation Mechanism for Joint Regulation Based on Information Sharing (the Framework Agreement) in Beijing. On the same day, the GAC signed with SAT and SAFE the MOU on Advancing Joint Regulation Based on Information Sharing between the General Administration of Customs and the State Administration of Taxation, and the MOU on Advancing Joint Regulation Based on Information Sharing between the General Administration of Customs and the State Administration of Foreign Exchange respectively, as the implementation mechanisms of the Framework Agreement. According to the Framework Agreement, the three parties agree that they will accelerate the cross-department mutual information exchange, mutual regulation recognition, and mutual help in law enforcement, in a bid to improve ongoing and ex-post regulation, enhance management efficiency, and reduce management costs while guarding against and cracking down on smuggling, defrauding of export tax refunds, tax frauds and evasion, so as to ensure the national Customs, taxation and foreign exchange policies are effectively carried out. The three parties have defined their areas of cooperation and roles and responsibilities by signing the MOUs on advancing joint regulation based on information sharing. By stepping up information sharing, the three parties will be committed to improving the ongoing and ex-post regulatory system, pressing ahead with comprehensive law enforcement and enhancing management efficiency. They will push forward with comprehensive cooperation through inspection and feedback, and joint regulation among their branches and sub-branches to jointly implement incentives and punishments. Enhancing information sharing and performing joint regulation among the three authorities are the significant measures to implement theReformPlan of Implementing "Three Mutuals" to Advance Customs Clearance,which was issued by the State Council, and the bases and levers for joint governance among them and therefore have great implications for better guarding against and cracking down on smuggling, defrauding of export tax refunds, tax frauds and evasion. Going forward, the customs, taxation and foreign exchange authorities will continue to strengthen cooperation, and further improve the regulation of law enforcement within their respective jurisdiction to create management synergies, so that they can better serve the building of the social credit system and the healthy and sustainable economic development in China. 2017-04-21/en/2017/0421/1257.html
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On April 18, Pan Gongsheng, administrator of the State Administration of Foreign Exchange (SAFE) met with a delegation headed by Lee Theng Kiat, CEO of Singapore-based Temasek International in Beijing. The two sides had friendly dialogue and exchanged ideas on the investment strategy of Temasek in China, China's economic development and the opportunities to invest in the countries along the Belt and Road. 2017-04-19/en/2017/0419/1255.html
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On March 16, 2017, Pan Gongsheng, deputy governor of the People's Bank of China and administrator of the State Administration of Foreign Exchange (SAFE), met Martin Wolf, chief economics commentator at the Financial Times, the UK. Mr. Wolf held a lecture at the SAFE on the evolution of globalization and its impact on China. 2017-03-17/en/2017/0317/1253.html
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The branches and foreign exchange administrative departments of the State Administration of Foreign Exchange (SAFE) of all provinces, autonomous regions, and municipalities directly under the Central Government; the branches of the SAFE in Shenzhen, Dalian, Qingdao, Xiamen, and Ningbo; national Chinese-funded banks; and China UnionPay Co., Ltd.; To intensify regulation against money laundering, terrorist financing and tax evasion during cross-border use of bank cards, the State Administration of Foreign Exchange (SAFE) would hereby clarify relevant issues on large-sum overseas cash withdrawals, in accordance with the Regulations of the People's Republic of China on Foreign Exchange Administration (Regulations): I. In overseas cash withdrawals by individuals with domestic bank cards, the sum of withdrawals using the bank cards under the name of the individual (including supplementary cards) shall not exceed the equivalent of RMB 100,000 in every civil year. In case of overseas cash withdrawals in excess of the annual quota, the individuals will not be allowed to withdraw cash overseas with the domestic bank cards in the current and second years. Individuals are prohibited from borrowing others' bank cards or lending their bank cards to evade or help evade the management of overseas cash withdrawals. II. The SAFE will send on a daily basis the list of individuals suspended from withdrawing cash overseas with domestic bank cards, from the foreign exchange administration system for overseas transactions with bank cards, to the financial institutions that issue the bank cards. The card-issuing financial institutions shall suspend the individuals on the list from withdrawing cash overseas with the bank cards they issue no later than 5pm of the day Beijing time. The card-issuing financial institutions shall ensure the setup of their business systems to strictly implement the provision above. In the event of system rebuilding, the financial institution shall ensure the system will be completed no later than April 1, 2018. III. Any individual on the list may inquire of the branch or sub-branch of the SAFE about the details of their cash withdrawals overseas by presenting their valid ID cards. Any individual who entrusts an agent with the enquiry shall provide the valid ID cards of their own and the agent, as well as the certificate of authorization they issue. IV. For overseas cash withdrawals by individuals with their domestic bank cards, the ceiling for every foreign currency card per day is to be adjusted from the equivalent of USD 1,000 to the equivalent of RMB 10,000, which will be ensured by the card-issuing financial institutions through their business systems. The RMB card will continue to be subject to the ceiling of the equivalent of RMB 10,000 per card per day, which will be ensured by the domestic RMB card clearing organizations through their business systems. V. The card-issuing financial institutions shall enhance customer management, increase policy promotions, notify cardholders who have withdrawn cash overseas to pay attention to policy changes, guide individuals to reduce their extensive use of cash overseas and properly keep the information on individuals who are suspended from withdrawing cash overseas with their domestic bank cards. VI. Any card-issuing financial institution, domestic RMB card clearing organization or individual who violates the provisions of this Circular shall be punished in accordance with the Regulations. VII. This Circular shall take effect as of January 1, 2018. Paragraph 7 of Article 3 of the Circular of the State Administration of Foreign Exchange on Regulating Administration of Foreign Currency Bank Cards (Huifa No. 53 [2010]), and the Circular of the State Administration of Foreign Exchange on Further Intensifying Administration of Overseas Cash Withdrawals with China UnionPay RMB Cards (Huifa No. 40 [2015]) will be nullified on April 1, 2018. Upon receipt of this Circular, the branches and foreign exchange administrative departments of the SAFE shall immediately forward it to the central sub-branches, urban commercial banks, rural commercial banks, wholly foreign-owned banks, Chinese-foreign equity joint banks, branches of foreign banks, rural cooperative financial institutions, and county banks within your respective jurisdictions. State Administration of Foreign Exchange December 29, 2017 2017-12-30/en/2017/1230/1397.html
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Brief Table of External Debt, End-2002 （ in thousands of US dollars） Type of Debtor/Debt Loans from Foreign Governments Loans from International Financial Institutions Loans from Foreign Banks and Other Financial Institutions Buyer's Credit Loans from Foreign Exporters, Enterprises and Individuals Bonds Issuing Abroad Deferred Payments Private Deposits from Overseas International Financial Leasing Liabilities to be Paid with Foreign Exchange in Compensation Trade Trade Credits Others Total Ministries of the State Council (Government Agencies) 1780347.5 2705078.4 44454.53 522361 5052241.43 Chinese-funded Banks 637876.47 573623.76 1080735.61 11878.25 309309.45 243818.97 49566.65 117 33 2906959.16 Chinese-funded Non-banking Financial Institutions 21474.46 181707.64 5854.44 216125.2 286.94 629.07 12245.84 438323.59 Foreign-funded Enterprises 2143.17 65108.71 649984.68 142417.29 2319016.41 31641.15 41610.31 37624.15 37.12 26180.15 3315763.14 Chinese-funded Enterprises 491.76 52121.47 8741.29 24164.54 15705.64 882016.58 9200.28 10127.5 1002569.06 Foreign-funded Banks 1339478.19 17415.48 87983.96 3355.52 1448233.15 Foreign-funded Non-banking Financial Institutions 49525.32 2460 1384.36 2461.56 297.66 249.16 56378.06 Others 132.18 611.73 253 996.91 Trade Credits 2632300 2632300 Total 2442333.36 2770187.11 2891027.77 1240208.63 2355670.93 1079436.8 319934.76 140299.11 920684.46 9237.4 2632300 52444.2 16853764.5 FILE: Brief Table of External Debt, End-2002 2011-09-20/en/2011/0920/1407.html
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Brief Table of External Debt, End-1999 （ in thousands of US dollars） Type of Debtor/Debt Loans from Foreign Governments Loans from International Financial Institutions Loans from Foreign Banks and Other Financial Institutions Buyer's Credit Loans from Foreign Exporters, Enterprises and Individuals Loans from Foreign Banks in China Bonds Issuing Abroad Deferred Payments Private Deposits from Overseas International Financial Leasing Liabilities to be Paid with Foreign Exchange in Compensation Trade Others Total Ministries of the State Council (Government Agencies) 17203515.1 24451866.7 458897 5131050 51899.1 47297227.9 Chinese-funded Banks 9307798.1 8214359.5 12167315.8 597880.7 98130.5 3336129.7 648977.3 58410.7 1170 34430172.3 Chinese-funded Non-banking Financial Institutions 3074504.9 59113.2 570.2 756799.8 2565940 7491.7 10093.4 6471513.2 Leasing Company 1041104.6 24600 21176.3 407501.3 41048 77176.9 1612607.1 Foreign-funded Enterprises 37877.2 686871.3 10127662.1 1469727.7 19341324.6 13630369.7 969523 770578.1 260773.1 1887.3 47296594.1 Chinese-funded Enterprises 10326 1434315.5 88550.6 278904.8 325211.6 536348 11927406.3 111852.7 14712915.5 Others 1949 3183.2 3525 8657.2 Total 26559516.4 25138738 24352792.6 13809307.3 20243039.8 15218012.9 11999642.7 2048850.5 65902.4 12280144.7 113740 151829687.3 FILE: Brief Table of External Debt, End-1999 2011-09-20/en/2011/0920/1410.html
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Brief Table of External Debt, End-2003 （ in thousands of US dollars） Type of Debtor/Debt Loans from Foreign Governments Loans from International Financial Institutions Loans from Foreign Banks and Other Financial Institutions Buyer's Credit Loans from Foreign Exporters, Enterprises and Individuals Bonds Issuing Abroad Deferred Payments Private Deposits from Overseas International Financial Leasing Liabilities to be Paid with Foreign Exchange in Compensation Trade Trade Credits Others Total Ministries of the State Council (Government Agencies) 19,416,737.90 25,939,481.60 456,581.20 6,838,400.00 114,636.30 52,765,837.00 Chinese-funded Banks 5,766,435.50 13,633,407.60 9,851,521.60 115,483.20 2,677,682.40 543,470.80 733,347.50 12,860.00 33,334,208.60 Chinese-funded Non-banking Financial Institutions 187,629.70 1,723,953.00 55,249.80 62,551.90 1,650,856.10 30,386.60 2,912.00 6,528.90 569,226.30 4,289,294.30 Foreign-funded Enterprises 43,679.40 527,107.60 7,253,884.70 1,223,026.00 26,850,399.70 107,045.20 1,331,017.00 403.4 458,775.60 37,795,338.60 Chinese-funded Enterprises 5,820.80 485,938.70 122,759.50 264,048.10 96,264.80 6,294,431.90 91,643.00 263,693.20 7,624,600.00 Foreign-funded Banks 18,581,811.30 15,452.90 318,555.20 1,732,955.00 34,302.60 20,683,077.00 Foreign-funded Non-banking Financial Institutions 217,651.70 10,125.00 26,286.70 3,957.20 3,615.20 3,290.80 264,926.60 Others 49,311.70 170,643.60 1,910.00 78,292.30 2,791.60 302,949.20 Trade Credits 36,574,000.00 36,574,000.00 Total 25,420,303.30 26,466,589.20 42,402,539.90 11,252,556.90 27,488,704.40 11,166,938.50 1,238,555.60 2,473,171.70 7,713,885.30 92,046.40 36,574,000.00 1,344,940.10 193,634,231.30 FILE: Brief Table of External Debt, End-2003 2011-09-20/en/2011/0920/1406.html
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Brief Table of External Debt, End-2004 （ in thousands of US dollars） Type of Debtor/Debt Loans from Foreign Governments Loans from International Financial Institutions Loans from Foreign Banks and Other Financial Institutions Buyer's Credit Loans from Foreign Exporters, Enterprises and Individuals Bonds Issuing Abroad Deferred Payments Private Deposits from Overseas International Financial Leasing Liabilities to be Paid with Foreign Exchange in Compensation Trade Trade Credits Others Total Ministries of the State Council (Government Agencies) 304714.8 24614696.5 470429.3 8201390.0 33591230.6 Chinese-funded Banks 31858226.7 66155.5 5680865.2 10646770.6 57595.9 3391864.8 9016738.2 1131321.0 1170.0 69546.6 164177.7 62084432.2 Chinese-funded Non-banking Financial Institutions 7904.9 1683560.4 38689.1 63077.6 1437490.5 62375.8 2936.0 6429.0 582169.5 3884632.8 Foreign-funded Enterprises 30584.6 410935.4 7669997.6 1040756.8 31827902.4 298663.1 138621.6 2408941.3 421.4 818986.9 44645811.1 Chinese-funded Enterprises 6343.6 9000.0 389486.4 136032.8 283151.9 87576.5 4844242.7 86906.2 150438.8 5993178.9 Foreign-funded Banks 27656911.0 2826.4 106273.2 2926.0 291523.4 3099528.9 200875.6 31360864.5 Foreign-funded Non-banking Financial Institutions 195098.9 24600.0 7311.0 35159.3 4338.6 3688.1 3162.3 273358.2 Others 0.1 9056.9 244780.9 1909.9 315.2 2729.5 258792.5 Trade Credits 46504000.0 46504000.0 Total 32207774.7 25100787.4 43755405.7 11889675.7 32590092.9 13332334.4 9633904.7 4238439.7 7264471.1 156874.2 46504000.0 1922540.3 228596300.8 FILE: Brief Table of External Debt, End-2004 2011-09-20/en/2011/0920/1405.html
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Brief Table of External Debt, End-2001 （ in thousands of US dollars） Type of Debtor/Debt Loans from Foreign Governments Loans from International Financial Institutions Loans from Foreign Banks and Other Financial Institutions Buyer's Credit Loans from Foreign Exporters, Enterprises and Individuals Bonds Issuing Abroad Deferred Payments Private Deposits from Overseas International Financial Leasing Liabilities to be Paid with Foreign Exchange in Compensation Trade Trade Credits Others Total Ministries of the State Council (Government Agencies) 16558692 26790265 439347 6030385 49818689 Chinese-funded Banks 7122246 5932398 11307124 59187 3369992 1768386 497644 1170 30058147 Chinese-funded Non-banking Financial Institutions 1826023 45223 2498996 2842 5906 4378990 Foreign-funded Enterprises 16675 776007 8005167 1579777 23143148 769979 594980 312620 1540 35199893 Chinese-funded Enterprises 5963 894569 94322 250542 137085 9762957 103276 11248714 Foreign-funded Financial Institutions 15811444 200363 1033751 17045558 Others 579465 24600 87184 48213 13777 753239 Trade Credits 21610000 21610000 Total 23703576 27566272 33488413 13051046 23540061 12669352 2749027 1534237 10096430 104816 21610000 170113230 FILE: Brief Table of External Debt, End-2001 2011-09-20/en/2011/0920/1408.html
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Brief Table of External Debt, End-2000 （ in thousands of US dollars） Type of Debtor/Debt Loans from Foreign Governments Loans from International Financial Institutions Loans from Foreign Banks and Other Financial Institutions Buyer's Credit Loans from Foreign Exporters, Enterprises and Individuals Loans from Foreign Banks in China Bonds Issuing Abroad Deferred Payments Private Deposits from Overseas International Financial Leasing Liabilities to be Paid with Foreign Exchange in Compensation Trade Others Total Ministries of the State Council (Government Agencies) 17344812 25788260 448877 5337170 45113 48964232 Chinese-funded Banks 7229927 6467257 11448667 365602 61786 3595886 658306 7411 1170 29836011 Chinese-funded Non-banking Financial Institutions 2713480 53421 509471 2437981 2836 5954 5723143 Foreign-funded Enterprises 25944 560390 8792022 1621290 22065197 11624188 922619 658317 256809 1635 46528411 Chinese-funded Enterprises 4441 1010242 85593 268141 281507 182846 11583492 101133 13517395 Leasing Company and Others 789711 24600 55082 235717 14015 39015 1158140 Total 24605124 26348650 20221589 13233571 22754023 12712668 12293656 1558598 10246 11886440 102768 145727332 FILE: Brief Table of External Debt, End-2000 2011-09-20/en/2011/0920/1409.html