Provincial, autonomous region, and municipal branches and Foreign Exchange Administration departments of the SAFE, and the Shenzhen, Dalian, Qingdao, Xiamen, and Ningbo branches of the SAFE:

To satisfy the requirements of MNCs to uniformly use foreign exchange funds both in China and in other countries, to serve the real economy, to promote trade and investment facilitation, to support industrial restructuring and upgrading, and to explore exchange facilitation for investment and financing, the State Administration of Foreign Exchange (SAFE) has developed the Regulations on the Centralized Operation and Management of the Foreign Exchange Funds of MNCs (Interim) and is now issuing them to you for implementation.

Appendix: Regulations on the Centralized Operation and Management of the Foreign Exchange Funds of MNCs (Interim)

State Administration of Foreign Exchange

April 18, 2014