In order to thoroughly implement the guiding principles of the 20th National Congress of the Communist Party of China, to promote the legalization of foreign exchange administration work, and to enhance the transparency of foreign exchange administration policies, the State Administration of Foreign Exchange (SAFE) has recently updated and released the Catalogue of Current Major Laws and Regulations in Effect on Foreign Exchange Administration (as of December 31, 2022) (hereinafter referred to as the Catalogue) for the convenience of the general public.

The updated Catalogue includes a total of 194 major regulations on foreign exchange administration issued as of December 31, 2022, which are classified into eight categories, i.e., general, foreign exchange administration under the current account, foreign exchange administration under the capital account, supervision of foreign exchange business of financial institutions, renminbi exchange rate and foreign exchange market, balance of payments and foreign exchange statistics, foreign exchange inspection and application of laws and regulations, and technology management in the foreign exchange administration. These regulations are further divided into several sub-categories according to specific business types. The newly added documents in the Catalogue mainly cover foreign exchange administration of overseas investment, foreign exchange administration of investment in securities markets, indirect reporting of balance of payments statistics, etc. (End)