SAFE News
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- Index number:
- 000014453-2015-00397
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- Dispatch date:
- 2015-09-16
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- Publish organization:
- State Administration of Foreign Exchange
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- Exchange Reference number：
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- Name：
- SAFE Presses ahead with Disclosure of Administrative Punishment Information Regarding Foreign Exchange
SAFE Presses ahead with Disclosure of Administrative Punishment Information Regarding Foreign Exchange
To ensure fair competition and a good order in the foreign exchange market, and enhance the transparency and credibility of administrative law enforcement regarding foreign exchange, the State Administration of Foreign Exchange (SAFE) has recently improved the disclosure system of administrative punishment information in accordance with the Regulations of the People’s Republic of China on the Disclosure of Government Information, and the Interim Regulation on Enterprise Information Disclosure, so as to enhance the timeliness of the disclosure of administrative punishment regarding foreign exchange and provide more access for public enquiry. Starting from January 1, 2016, the SAFE will follow the general procedures to disclose the information on administrative punishment of public institutions, enterprises and other institutions (excluding banks) for their violations of foreign exchange administration, and provide fuzzy inquiry by name of institution in addition to inquiry by organizational code. The general public will be allowed to input the name of institution or the organizational code at the official website of the SAFE to search for the administrative punishment information of relevant market players.
