Regulations on cross-border funds of Transnational Corporations

On March 15, the State Administration of Foreign Exchange issued regulations on centralized operation of cross-border funds of Transnational Corporations            Simplify the registration management of foreign debts and overseas loans, and “one-time registration” of foreign debts and overseas loans under the centralized operation of cross-border funds Allow transnational corporations to directly carry out the pilot reform of facilitation of settlement and payment of capital account income after filing. When the relevant funds are used for settlement and payment, there is no need to provide authentic proof materials one by one beforehand. The host enterprises of multinational corporations mainly handle theRead More →

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