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Foreign Exchange Regulator Streamlines Rules
July 16, 2009, Thursday
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Print Edition
Print Edition
CHINA'S foreign exchange regulator said yesterday it would loosen its controls on overseas investment procedures and foreign-exchange management of domestic companies to boost outbound investment.
In a statement on its Website, the State Administration of Foreign Exchange said a regulation, taking effect on August 1, would simplify approval procedures for domestic firms with overseas investment plans.
In a statement on its Website, the State Administration of Foreign Exchange said a regulation, taking effect on August 1, would simplify approval procedures for domestic firms with overseas investment plans.
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