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Rules and Regulations
  • Index number:
    000014453-2020-0050
  • Dispatch date:
    2020-01-27
  • Publish organization:
    State Administration of Foreign Exchange
  • Exchange Reference number:
  • Name:
    Circular of the State Administration of Foreign Exchange on Offering Convenient Foreign Exchange Policy to Support the Prevention and Control of the NCP Epidemic
Circular of the State Administration of Foreign Exchange on Offering Convenient Foreign Exchange Policy to Support the Prevention and Control of the NCP Epidemic
Fifth, banks shall keep a keen eye on individuals' demand for foreign exchange and encourage them to go through individual foreign exchange transactions via online channels like mobile banking.

Sixth, for other special foreign exchange services in connection with epidemic prevention and control, banks can handle them first and report them to local foreign exchange authorities for filing.

In addition, the effective date of the Circular of the State Administration of Foreign Exchange on Streamlining Foreign Exchange Accounts (Huifa No. 29, [2019]) will be extended from February 1 to March 2, 2020. Therefore, banks shall report relevant data using the original account type code before 8pm on February 28, make preparations in accordance with the above Circular from 8pm on February 28 to 8pm on March 1, and then use the updated account code to submit relevant data starting from March 2.

This Circular will be effective as of the date of issuance. The branches and foreign exchange administrative departments of the SAFE shall forward this Circular to the central sub-branches and sub-branches of the SAFE and banks in their jurisdictions as soon as possible; and commercial banks shall also forward this Circular to their branches and sub-branches as quickly as possible. Please contact the SAFE for any problems arising during implementation.

Tel: 010-68402416, 68402365

 

General Affairs Department of the State Administration of Foreign Exchange

January 27, 2020


The English translation may only be used as a reference. In case a different interpretation of the translated information contained in this website arises, the original Chinese shall prevail.

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