In 2012, China's State Administration of Foreign Exchange promulgated the Circular on Further Improving and Adjusting Foreign Exchange Administrative Policies on Foreign Direct Investment (Circular No. 59). It replaces more than 30 approval requirements with simpler registration procedures, streamlines many administrative procedures for foreign exchange transactions and relaxes some restrictions on funds used for foreign direct investment (FDI). The changes resulting from it are reviewed in this article. <br />
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Region:
China
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