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PBOC'S NEW RMB FDI IMPLEMENTING RULES PROVIDE DETAILS ON CNH REPATRIATION

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13 July 2012


On 14 June 2012, the People's Bank of China (PBOC) issued the Circular Clarifying the Implementing Details of Renminbi Settlement Business of Foreign Direct Investment (FDI) (the Implementing Circular), which supplements the Administrative Measures for Renminbi Settlement Business Concerning Foreign Direct Investment issued by PBOC (the PBOC FDI Measures) and the Circular on Issues Concerning Cross-border Renminbi Direct Investment (the MOFCOM FDI Circular) issued by the Ministry of Commerce (MOFCOM), both back in October 2011.

 

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For our previous publication on the PBOC FDI Measures and the MOFCOM FDI Circular, please click New PBOC Regulations Ease Repatriation of Dim Sum Bond Proceeds and MOFCOM publishes new rules on foreign direct investment in Renminbi.