Circular of the General Affairs Department of the SAFE on Printing and Distributing the Contents and Scoring Criteria for the Assessment of Banks’ Implementation of Regulations on Foreign Exchange Administration (2016)
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:
Given the changes and adjustments to the provisions on foreign exchange administration from June 2015 to the present, the SAFE has formulated the Contents and Scoring Criteria for the Assessment of Banks’ Implementation of Regulations on Foreign Exchange Administration (2016) (see the Appendix). The relevant issues are hereby notified as follows:
1. The contents and scoring criteria for the assessment of banks’ implementation of regulations on foreign exchange administration for the year 2016 (from October 1, 2015 to September 30, 2016) are subject to the contents of the Appendix to this Circular.
2. After receiving this Circular, all branches and foreign exchange administrative departments of the SAFE shall immediately forward this Circular to the central sub-branches, sub-branches, urban commercial banks, rural commercial banks, wholly foreign-funded banks, Chinese-foreign equity joint venture banks, branches of foreign banks, and rural cooperative financial institutions within their respective jurisdictions, and shall carry out fair and just assessments of the banks within their respective jurisdictions in implementing the regulations of foreign exchange administration in line with the revised contents and scoring criteria.
3. All national Chinese-funded banks shall forward this Circular to their branches within their respective jurisdictions as soon as possible, and conduct their various businesses in accordance with the relevant laws and regulations.
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), 010-68402127 (Capital Account Management Department), 010-68402378 (Supervision and Inspection Department) and 010-68402028 (Data Monitoring Center for Foreign Exchange Transaction).
Appendix: Contents and Scoring Criteria for the Assessment of Banks’ Implementation of Regulations on Foreign Exchange Administration (2016)
General Affairs Department of the State Administration of Foreign Exchange
March 2, 2016