China’s State Administration of Foreign Exchange recently issued new regulations to facilitate current account foreign exchange related requests for remittances and receipts by individuals.
The banking procedures to be simplified include implementing a new Application Form for Personal Purchase of Foreign Exchange and the exemption of review processes for recurrent applications for certain types of foreign exchange remittances and receipts. Please read the newsletter from WTS China, a member firm of WTS Global, for more details.
Click here to read the full article.
For further information, please contact:
Eugene Lim, Co-Founder, and Principal, TaxiseAsia
eugene.lim@taxiseasia.com
