Examples of SAFE Circular in a sentence
The 2015 SAFE Circular aims to deepen the reform of foreign exchange administration of capital accounts, promote and facilitate the capital operation of enterprises in making cross-border investments, regulate the direct investment-related foreign exchange administration business, improve the administration efficiency.
On 7 April 2011, the State Administration of Foreign Exchange (SAFE) promulgated the Circular on Issues Concerning the Capital Account Items in connection with Cross-Border Renminbi (the SAFE Circular), which became effective on 1 May 2011.
As the SAFE Circular, the MOFCOM Circular, the PBOC FDI Measures and the SAFE Circular on DI are relatively new circulars, they will be subject to interpretation and application by the relevant authorities in the PRC.
Further, the SAFE Circular clarifies that the foreign debts borrowed, and the foreign guarantee provided, by an onshore entity (including a financial institution) in CNY shall, in principle, be regulated under the current PRC foreign debt and foreign guarantee regime.
On 19 November 2012, the SAFE promulgated the Circular on Further Improving and Adjusting the Foreign Exchange Administration Policies on Direct Investment (the SAFE Circular on DI), which became effective on 17 December 2012.