Administrative Measures for Foreign Exchange Control in Outbound Investment
Administrative Measures for Foreign Exchange Control in Outbound Investment
[Lexis China Comments]
根据《国务院关于废止和修改部分行政法规的决定》 （中华人民共和国国务院令第588号），此文件已被废止。
Administrative Measures for Foreign Exchange Control in Outbound Investment
March 6, 1989
(Approved by the State Council of the People's Republic of China on February 5, 1989)
Article 1 These Measures are formulated for the purpose of promoting economic and technological co-operation with foreign countries, strengthening the administration of the foreign exchange involved in outbound investment and facilitating the achievement of a balance of international payments.
Article 2 The terms "outbound investment" referred to in these Procedures means the establishment of various kinds of enterprises abroad or the purchase of and holding shares abroad (hereinafter collectively referred to as "Chinese-invested enterprises abroad") by corporations, enterprises and other economic organizations registered inside China (not including enterprises with foreign investment) to engage in production and business activities. Matters related to the foreign exchange involved in outbound investment shall be governed by these Procedures.
Article 3 Corporations, enterprises or other economic organizations that intend to make outbound investment shall, prior to going through the procedures of application, examination and approval of outbound investment with the competent State authorities, provide the department for control of foreign exchange with the information on the administration exercised by the countries (or regions) where their investment is to be over the foreign exchange involved in investigated by foreign countries and the relevant data, and submit to the department the certifying documents on the source(s) of the funds in foreign exchange earmarked for outbound investment.
......
根据《国务院关于废止和修改部分行政法规的决定》 （中华人民共和国国务院令第588号），此文件已被废止。
Administrative Measures for Foreign Exchange Control in Outbound Investment
March 6, 1989
(Approved by the State Council of the People's Republic of China on February 5, 1989)
Article 1 These Measures are formulated for the purpose of promoting economic and technological co-operation with foreign countries, strengthening the administration of the foreign exchange involved in outbound investment and facilitating the achievement of a balance of international payments.
Article 2 The terms "outbound investment" referred to in these Procedures means the establishment of various kinds of enterprises abroad or the purchase of and holding shares abroad (hereinafter collectively referred to as "Chinese-invested enterprises abroad") by corporations, enterprises and other economic organizations registered inside China (not including enterprises with foreign investment) to engage in production and business activities. Matters related to the foreign exchange involved in outbound investment shall be governed by these Procedures.
Article 3 Corporations, enterprises or other economic organizations that intend to make outbound investment shall, prior to going through the procedures of application, examination and approval of outbound investment with the competent State authorities, provide the department for control of foreign exchange with the information on the administration exercised by the countries (or regions) where their investment is to be over the foreign exchange involved in investigated by foreign countries and the relevant data, and submit to the department the certifying documents on the source(s) of the funds in foreign exchange earmarked for outbound investment.
......