China's forex regulator improves rules to facilitate foreign trade, investment
Updated: April 14, 2020 20:39 Xinhua

BEIJING — China's foreign exchange regulator said on April 14 that it will streamline or ease some rules from April 14 to facilitate cross-border trade and investment.

Under the new rules, eligible companies will be able to use capital they have raised overseas for domestic payments without providing relevant certificates beforehand, the State Administration of Foreign Exchange (SAFE) said on its website.

This came as the COVID-19 pandemic, which has spread to over 200 countries and regions, has wreaked havoc on the global economy and dimmed the growth prospects of global trade and investment.

SAFE eased rules to allow export companies to purchase foreign exchange for the repayment of their foreign currency loans onshore. Previously, export companies had to use foreign exchange they reserved or proceeds from their exports to repay such loans.

The administration also encouraged banks to support export-oriented small businesses by extending their foreign currency loans and streamlining application procedures.

Copyright© | About us | Contact us

Website Identification Code bm01000001 Registration Number: 05070218

All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to

Without written authorization from, such content shall not be republished or used in any form.



Copyright© | Contact us

Website Identification Code bm01000001

Registration Number: 05070218