Foreign Exchange Collective Operation Regulations - 国家外汇管理局关于发布《境内企业内部成员外汇资金集中运营管理规定》的通知
Released on October 15, 2009, and effective on November 1, 2009
To take effect on November 1, 2009, the State Administration of Foreign Exchange (SAFE) on October 15, 2009, issued a circular containing the administrative regulations regarding foreign exchange (forex) operation by the internal members of the domestic enterprises, which is aimed at providing more detailed rules for the internal members of the domestic enterprises to operate its forex. This circular also discusses the certain financial and inter-banking administration of forex capital loan between the domestic enterprises and prompt forex settlement business through an internally-established finance company by the domestic enterprises.