The branches and foreign exchange administrative departments of the State Administration of Foreign Exchange (hereinafter referred to as the “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;

To step up efforts to streamline laws and regulations on foreign exchange administration and to facilitate trade and investment, we hereby notify you of the validity of some regulatory documents on foreign exchange administration as follows:

I. 27 regulatory documents, of which the main content has been replaced by new content and does not conform to current management practices, shall be abolished. Please refer to Annex 1 for a list.

II. 23 regulatory documents on foreign exchange administration, of which either the application period has expired or the objects have ceased to exist, are rendered and declared invalid. Please refer to Annex 2 for a list.

The Circular will take effect as of the date of promulgation.

 

Annex: 1. Checklist of 27 Regulatory Documents on Foreign Exchange Administration Abolished by the State Administration of Foreign Exchange

2. Checklist of 23 Regulatory Documents on Foreign Exchange Administration Declared Invalid by the State Administration of Foreign Exchange

 

 

 

The State Administration of Foreign Exchange

March 19, 2015

 

 

Annex 1

Checklist of 27 Regulatory Documents on Foreign Exchange Administration Abolished by the State Administration of Foreign Exchange

1. Circular on Urging the Submission of Foreign Exchange Statistics (Huichuan No. 04 [1998])

2. Circular on Matters Concerning Statistics and Declaration of Portfolio Investment in Balance of Payment (Huifa No. 41 [1998])

3. Reply on Issues Concerning Cash Withdrawal of US Dollars in a Large Amount by Domestic Institution (Huiguanjingzi No. 24 [1998])

4. Circular on Further Clarifying Statistics and Declaration System of Portfolio Investment in Balance of Payment and Interface Specification for Business System of Stock Exchange (Huiguohan No. 36 [1998])

5. Circular on Issues Concerning Foreign Exchange Administration for Foreign-aid Projects (Huifa No. 251 [1999])

6. Circular on Terminating the Implementation of Some Foreign Exchange Administration Regulations (Huifa No. 289 [1999])

7. Circular on Issuing the Assessment Measures for Balance of Payment and Statistics and Analysis of Foreign Exchange Receipts and Payments (Huifa No. 343 [1999])

8. Circular on Forwarding the Circular on Printing and Distributing Detailed Rules for the Implementation of the Measures for Improving the “Replacement of Imported Materials with Domestic Materials” in Steel Industry (Huizongfa No. 25 [1999])

9. Circular of Balance of Payments Department of the State Administration of Foreign Exchange on Relative Work Principle on Increasing Declaration Effectiveness of Foreign-Related Receipts in Balance of Payment (Huiguohan No. 35 [2001])

10. Circular of the State Administration of Foreign Exchange on Issues about Adjusting the Related Policies on Foreign Cash Administration and Clarifying Related Operation (Huifa No. 20 [2002])

11. Circular of the State Administration of Foreign Exchange on Further Clarifying the Procedures for Examining and Approving Foreign Exchange Purchases for Advance Payments in Foreign Exchange under Letters of Credit by City Commercial Banks, Rural Commercial Banks, and Rural Credit Cooperatives (Huifa No. 76 [2002])

12. Reply of the State Administration of Foreign Exchange on the Mortgaging of Foreign Exchange for RMB Loans by Domestic Resident Individuals (Huifu No. 121 [2002])

13. Circular of the State Administration of Foreign Exchange on Key Monitoring System for Capital Account (Huifa No. 36 [2003])

14. Circular of the State Administration of Foreign Exchange on Transitional Policies and Measures after Revocation of Certain Examinations and Approvals for Foreign Exchange Administration under the Capital Account (Huifa No. 50 [2003])

15. Circular of the General Affairs Department of the State Administration of Foreign Exchange on Printing and Distributing the Standardized Requirements for the Banks’ Interface Procedures with the Management Information System for Foreign Exchange Accounts (Trial) (Huizongfa No. 127 [2004])

16. Reply of the Balance of Payments Department of the State Administration of Foreign Exchange on Issues Concerning the Adjustment to Turnover Positions of Foreign Banks for Foreign Exchange Settlement and Sales (Huiguofu No. 5 [2004])

17. Circular of the State Administration of Foreign Exchange on Popularizing the Statistics and Monitoring System for the External Debt (Bank version) and Adjusting the Requirements on the Submission of the External Debt Data (Huifa No. 78 [2005])

18. Circular of the State Administration of Foreign Exchange on Unifying the Time for Spot Bid-Offer Trading and Spot Over-the-Counter Trading on the Inter-bank Foreign Exchange Market (Huifa No. 50 [2006])

19. Circular of the General Affairs Department of the State Administration of Foreign Exchange on Adjusting the Financial Institution Code and Financial Institution Identification Code (Huizongfa No. 82 [2006])

20. Circular of the General Affairs Department of the State Administration of Foreign Exchange on Forwarding the Decision of the State Council on the Fourth Batch of Revocations and Adjustments of Administrative Approval Items (Huizongfa No. 189 [2007])

21 Circular of the State Administration of Foreign Exchange on Issuing the List of Administrative License Items of the State Administration of Foreign Exchange (Huifa No.43 [2010])

22. Circular of the General Affairs Department of the State Administration of Foreign Exchange on the Standard Library of the State Administration of Foreign Exchange on Information System Codes (Version 01 [2010]) (Huizongfa No. 59 [2010])

23. Circular of the State Administration of Foreign Exchange on Cancellation and Adjustments of the Approval Authorities and the Administrative Measures for Certain Foreign Exchange Businesses under the Capital Account (Huifa No. 20 [2011])

24. Circular of the State Administration of Foreign Exchange on Issues Concerning Further Clarifying and Regulating the Administration of Certain Foreign Exchange Businesses under the Capital Account (Huifa No. 45 [2011])

25. Circular of the General Affairs Department of the State Administration of Foreign Exchange on Scale up of Comprehensive Data Utilization Platform and Promotion of Comprehensive Data Utilization (Huizongfa No. 93 [2011])

26. Circular of General Affairs Department of the State Administration of Foreign Exchange on Revision to Methods for Selecting Star of Balance of Payment Statistics (Huizongfa No. 153 [2012])

27. Reply of the General Affairs Department of the State Administration of Foreign Exchange on Issues Concerning External Claims Registration for Financing Lease Companies (Huizongfu No. 142 [2013])

 

 

Annex 2

Checklist of 23 Regulatory Documents on Foreign Exchange Administration Declared Invalid by the State Administration of Foreign Exchange

1. Circular of the State Administration of Foreign Exchange on Promoting the Use of Management Information System for Foreign Exchange Accounts (Huifa No. 82 [2002])

2. Circular of the State Administration of Foreign Exchange on Promoting the Use of Management Information System for Foreign Exchange Accounts (Huifa No. 83 [2002])

3. Reply of the General Affairs Department of the State Administration of Foreign Exchange on Issues Concerning Forfeiting Operations and Import License (Huizongfu No. 3 [2002])

4. Announcement No. 1 [2003] of the State Administration of Foreign Exchange

5. Announcement No. 1 [2004] of the State Administration of Foreign Exchange

6. Circular of the General Affairs Department of the State Administration of Foreign Exchange on Issues Concerning the Submission of Statistical Statements of Banks' Foreign Exchange Settlement and Sales during Holidays in 2005 (Huizongfa No. 168 [2004])

7. Reply of the State Administration of Foreign Exchange on Issues Concerning the Margin Accounts and Other Relevant Aspects for the Letters of Credit Issued by the Guangdong Development Bank (Huifu No. 1 [2006])

8. Circular of the General Affairs Department of the State Administration of Foreign Exchange on Issues Concerning Upgrade of Management Information System for Foreign Exchange Accounts (Huizongfa No. 47 [2006])

9. Reply of the State Administration of Foreign Exchange on Banks Authorizing Foreign Currency Conversion Agency to Convert RMB back to Foreign Cash for Foreign Individuals (Huifu No. 210 [2007])

10. Circular of the State Administration of Foreign Exchange on Issues about Collecting and Sorting out Historical Data during 2008 Annual Inspection of the Foreign Exchange Businesses of Foreign-Invested Enterprises (Huifa No. 9 [2008])

11. Circular of the State Administration of Foreign Exchange on Issues Concerning the Preparation for National Promotion and Implementation of the Foreign Exchange Business Information System for Direct Investments (Huifa No. 13 [2008])

12. Circular of the State Administration of Foreign Exchange on Issues Concerning the National Promotion and Implementation of the Overseas Investment Module of the Foreign Exchange Business Information System for Direct Investments (Huifa No. 72 [2008])

13. Reply of the State Administration of Foreign Exchange on SAIC Finance Launching Foreign Exchange Management Information System for Direct Investments (Huifu No. 5 [2009])

14. Reply of the State Administration of Foreign Exchange on Reviewing Sources of Foreign Exchange Funds of Guodu Securities Co., Ltd. for Making Overseas Investment in China Guodu (Hong Kong) Financial Holdings (Huifu No. 18 [2009])

15. Circular of the General Affairs Department of the State Administration of Foreign Exchange on Issues about Doing a Good Job in the 2009 Annual Inspection of the Foreign Exchange Businesses of Foreign-Invested Enterprises through Foreign Exchange Management Information System for Direct Investments (Huizongfa No. 16 [2009])

16. Reply of the General Affairs Department of the State Administration of Foreign Exchange on Issues Concerning Application of Laws Related to Settlement of Foreign Exchange Capital of Foreign-Invested Enterprises ( Huizongfu No. 29 [2009])

17. Reply of the State Administration of Foreign Exchange on Issues Concerning Remittance by Royal Bank of Canada to Recover Losses of Its Domestic Branches (Huifu No. 190 [2010])

18. Circular of the General Affairs Department of the State Administration of Foreign Exchange on Relevant Issues Concerning the Pilot Program and the On-line Operation of the Statistical Software for the Foreign Exchange Assets and Liabilities of Chinese-funded Financial Institutions (Huizongfa No. 2 [2010])

19. Circular of the General Affairs Department of the State Administration of Foreign Exchange on Investigating Foreign Exchange Accounts Held by Domestic Non-resident (Huizongfa No. 116 [2011])

20. Circular of the State Administration of Foreign Exchange on Regulating the Submission of Capital Account Data by Domestic Banks (Huifa No. 36 [2012])

21. Circular of the State Administration of Foreign Exchange on Pilot Program of the Capital Account Information System and Related Data Submission (Huifa No. 60 [2012])

22. Circular of the General Affairs Department of the State Administration of Foreign Exchange on Tasks Regarding Interface Acceptance and Joint Debugging for Account Information of Domestic Banks, Foreign Exchange Settlement and Sales Data within the Account and Capital Account Data (Huizongfa No. 139 [2012])

23. Circular of the General Affairs Department of the State Administration of Foreign Exchange on Issues Concerning Annual Declaration Work on Foreign Exchange Operation Status by Foreign-invested Enterprises in 2014 (Huizongfa No. 58 [2014])