Common use of Foreign Exchange Management Clause in Contracts

Foreign Exchange Management. Article 36 Foreign exchange management of the Subsidiary shall follow the Foreign Exchange Control Regulations of the People’s Republic of China and the rules for relevant management method. Article 37 After obtaining the business license, the Subsidiary may open foreign currency accounts and RMB accounts at a bank inside China, which the Bank of China or the State Foreign Exchange Control Bureau of china (or branch Bureau) and the Executive Director General Manager of the Subsidiary recognize.

Foreign Exchange Management. Article 36 Foreign exchange management of the Subsidiary shall follow the Foreign Exchange Control Regulations of the People’s Republic of China and the rules for relevant management method. Article 37 After obtaining the business license, the Subsidiary may open foreign currency accounts and RMB accounts at a bank inside Chinaand outside China and other financial institution, which the Bank of China or the State Foreign Exchange Control Bureau of china (or branch Bureau) and the Executive Director General Manager of the Subsidiary recognize.

Foreign Exchange Management. Article 36 35 Foreign exchange management of the Subsidiary shall follow the Foreign Exchange Control Regulations of the People’s Republic of China and the rules for relevant management method. Article 37 36 After obtaining the business license, the Subsidiary may open foreign currency accounts and RMB accounts at a bank inside Chinaand outside China and other financial institution, which the Bank of China or the State Foreign Exchange Control Bureau of china (or branch Bureau) and the Executive Director General Manager of the Subsidiary recognize.

Foreign Exchange Management. Article 36 Foreign exchange management of the Subsidiary shall follow the Foreign Exchange Control Regulations of the People’s Republic of China and the rules for relevant management method. Article 37 After obtaining the business license, the Subsidiary may open foreign currency accounts and RMB accounts at a bank inside China, which the Bank of China or the State Foreign Exchange Control Bureau of china (or branch Bureau) and the Executive Director General Manager of the Subsidiary recognize.