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Foreign exchange management policy

China Europe wood hrhop.cn 2018 / 9 / 26 source: this website

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The enterprise can open current account and special account for capital account, and the limit of current account should be approved.
The tax-free and bonded goods entering and leaving the comprehensive bonded zone shall be priced and settled in foreign currency. Other articles entering and leaving the comprehensive bonded area can be priced and settled in foreign currency or RMB.
The enterprise does not implement the contract verification system, and the foreign exchange income and expenditure under the entry-exit trade with overseas countries do not need to go through the verification procedures of foreign exchange receipt and payment with the foreign exchange administration bureau, and the foreign exchange shall be paid from the bank with relevant documents.
If the enterprise has the conditions to purchase foreign exchange, it is allowed to register the enterprise with RMB capital, and purchase foreign exchange with the RMB part not exceeding the actual amount in place in its registered capital.
Foreign exchange accounts can be opened by both Chinese and foreign-funded enterprises. The foreign exchange earned by enterprises will be settled by will, and the foreign exchange income can be retained in full.


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