Capital Account Foreign Exchange Business Guidelines (2024)
Key sections cover preliminary expenses, investment FX registration and documentation for subsequent remittances.
Overview
The Guidelines distinguish SAFE and bank-handled business; Part II, Chapter 8 addresses outbound direct investment.
Key points
01
Preliminary expenses
Register preliminary expenses with a local bank before remittance, supported by the application, funding evidence, spending plan and investment resolutions.
Section 8.102
Registration before funding
Non-bank domestic institutions register with a local bank before contributing capital, providing relevant approvals or filings and evidence of authentic funding.
Sections 8.2.2–8.2.303
Subsequent remittances
After registration, use the registration certificate for subsequent FX transactions. Investment changes or termination may require amendment or cancellation.
Section 8.2