Circular of the Ministry of Finance, the State Administration of Taxation and the People's Bank of China on the Taxation of Operating RMB Business by Foreign-Funded Financial Institutions

Circular of the Ministry of Finance, the State Administration of Taxation and the People's Bank of China on the Taxation of Operating RMB Business by Foreign-Funded Financial Institutions


Circular of the Ministry of Finance, the State Administration of Taxation and the People's Bank of China on the Taxation of Operating RMB Business by Foreign-funded Financial Institutions

Cai Shui Zi [1997] No. 52

May 5, 1997

With the deepening development of reform and continuous expanding of the financial businesses, the foreign-funded financial institutions are, upon the approval of the State Council, allowed to deal with the business of RMB on a trial basis in some areas of China from 1997.
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