On 23 October 2019, the State Administration of Foreign Exchange (“SAFE”) of the People's Republic of China ("PRC") promulgated the Notice Regarding Further Facilitation of Cross Border Trade and Investment (关于进一步促进跨境贸易投资便利化的通知) (“Facilitation Notice”), which changed several regulatory controls regarding cross border trade and investment. The Facilitation Notice comes into force upon its promulgation on 23 October 2019.
This update sets out a short summary of the salient terms of the Facilitation Notice.
If you would like information and/or assistance on the above or any other area of law, you may wish to contact the partner at WongPartnership that you normally work with or any of the following partners:
Joseph HE
Head – China Practice
d +65 6416 8218
e joseph.he@wongpartnership.com
Click here to see Joseph’s CV.
Gerry GAN
Partner – China Practice
d +65 6416 8006
e gerry.gan@wongpartnership.com
Click here to see Gerry’s CV.
Miao MIAO
Partner – China Practice
d +86 21 3306 4990
e miao.miao@wongpartnership.com
Click here to see Miao’s CV.