Chapter I General Provisions

Article 1 In order to further improve the administration of foreign exchange payment for import of goods, promote trade facilitation and promote foreign-related economic development, these Trial Measures are formulated in accordance with the relevant provisions of the Regulations of People's Republic of China (PRC) Municipality on Foreign Exchange Control.

Article 2 The State Administration of Foreign Exchange and its branches (hereinafter referred to as foreign exchange bureaus) shall supervise and manage the authenticity and compliance of import foreign exchange payment according to law.

Article 3 The administration of import payment of foreign exchange shall follow the principle of territorial administration, and the foreign exchange bureau shall supervise the import entities and financial institutions engaged in foreign exchange business (hereinafter referred to as banks) within its jurisdiction.

Article 4 The State does not restrict the international payment under the trade of goods. Importers should have real and legal transaction basis for import payment of foreign exchange, and banks should reasonably examine the authenticity of transaction documents and their consistency with import payment of foreign exchange.

Article 5 The foreign exchange bureaus shall conduct off-site total verification, monitoring and early warning of foreign exchange paid by importers, and conduct on-site supervision and verification of abnormal capital flows (hereinafter referred to as on-site verification).

Article 6 On the basis of off-site total amount verification, monitoring and early warning, combined with on-site verification and importers' compliance with foreign exchange control laws and regulations, foreign exchange administrations classify importers into "Class I importers", "Class II importers" and "Class III importers" and implement classified management.

Article 7 Import entities and banks shall handle import foreign exchange payment business in accordance with these pilot measures and relevant regulations, and assist and cooperate with the on-site inspection of foreign exchange bureaus.

Chapter II Directory Management

Article 8 After the importer has obtained the right to operate foreign trade according to law, he shall go through the registration formalities of the List of Foreign Exchange Payment for Importers (hereinafter referred to as the List) with relevant materials, and sign the Confirmation of Handling Foreign Exchange Payment Business; If the registration information changes, it shall go through the registration formalities at the foreign exchange bureau; Where an importer terminates its business operations or its right to operate foreign trade is cancelled, it shall go through the formalities of cancellation of registration at the foreign exchange bureau.

Article 9 The foreign exchange bureau shall guide and manage the newly listed importers within three months. During the counseling period, the importer shall report the import foreign exchange payment business to the foreign exchange bureau one by one afterwards.

Article 10 The foreign exchange bureau shall uniformly distribute the catalogue to banks. Banks may not directly handle import payment for importers who are not on the list.

Article 11 The foreign exchange bureau may cancel the import entities that no longer meet the registration requirements of the List.

Chapter III Administration of Import Payment of Foreign Exchange

Article 12 The term "payment of import foreign exchange" as mentioned in these Trial Measures includes:

Pay for foreign imports;

Pay import payment or domestic payment under deep processing carry-over to domestic accounts, offshore account and overseas institutions in the domestic bonded supervision area;

Payment under other trade.

Article 13 The importing entity shall handle the import foreign exchange payment business at the bank with relevant documents according to the settlement method, trade method and capital flow direction.

The importer shall declare the verification information of import foreign exchange payment as required. Banks shall submit relevant information to the foreign exchange bureau in accordance with regulations.

Article 14 The foreign exchange payment unit shall be consistent with the import unit and the import goods declaration form business unit agreed in the contract. If the agent imports, the agent shall be responsible for the import and payment of foreign exchange.

Article 15. The foreign exchange bureau shall implement pre-registration management for the import payment of foreign exchange by importers and "three types of importers" that are not included in the list, and if the foreign exchange payment unit is inconsistent with the import goods declaration business unit. Importers should go to the foreign exchange bureau to register the import payment business according to the regulations. Banks handle import payment or open letters of credit for importers with the registration certificate and relevant documents issued by the foreign exchange bureau.

Article 16 The foreign exchange bureau shall manage the import entities not listed in the List, the "second-class import entities" and other special import foreign exchange payment businesses recognized by the foreign exchange bureau afterwards. After the import payment, the importer shall declare the import payment and the corresponding arrival or receipt information to the foreign exchange bureau one by one, and provide relevant documents or certification materials.

Chapter IV Off-site Verification, Monitoring and Early Warning

Article 17 The foreign exchange bureau shall compare the data of import payment with the data of imported goods off-site to verify the authenticity and consistency of the importer's import payment.

Article 18 A foreign exchange bureau shall take the importing entity as the main body, establish a monitoring and early warning index system with reference to the characteristics of regions, industries and economic types, monitor and analyze the import payment of foreign exchange and the import of goods, implement risk early warning, and identify abnormal transactions and main bodies.

Article 19 The foreign exchange bureau may adjust the contents of monitoring and early warning according to the macroeconomic situation and the international balance of payments.

Chapter V On-site Verification

Article 20 The foreign exchange bureau shall, according to the results of off-site verification, monitoring and early warning, conduct on-site verification of the foreign exchange receipts and payments business under the import account of the importer whose total verification index exceeds the prescribed scope or has other abnormal conditions.

Article 21 The foreign exchange bureau may conduct on-site inspection on the importer by asking the inspected entity to report, meeting with the person in charge of the importer, and conducting on-site investigation.

Article 22 The foreign exchange bureau may conduct on-site verification on the compliance of banks in handling import foreign exchange payment business and the timeliness, accuracy and completeness of submitting relevant information.

Article 23 Import entities and banks shall assist and cooperate with the on-site inspection of foreign exchange bureaus and provide relevant information in a timely and truthful manner.

Chapter VI Classified Management

Article 24 Before determining "Class II importers" and "Class III importers", the foreign exchange bureau shall notify the relevant importers. If the importer has any objection, he may submit it to the foreign exchange bureau within 7 working days from the date of receiving the written notice.

Article 25 The foreign exchange bureau shall release the classified management information of importers to banks and importers, and inform other relevant departments of the relevant information.

Article 26 The foreign exchange bureau shall carry out classified management on the business links of import entities, such as catalogue management, examination of import payment, registration of import payment, personal report, etc.

Article 27 The State Administration of Foreign Exchange may adjust the time limit, frequency, standards and applicable management measures for evaluation and classification according to the balance of payments and the needs of foreign exchange management.

Chapter VII Supplementary Provisions

Article 28 An importing entity refers to an entity that has registered with the competent commercial department or its authorized agency in accordance with regulations and has the right to operate foreign trade.

Twenty-ninth banks and importers in violation of these Trial Measures and other relevant provisions for import payment of foreign exchange business, by the foreign exchange administration in accordance with the "Regulations" of People's Republic of China (PRC) and other relevant provisions of punishment.

Article 30 These Trial Measures are applicable to the foreign exchange payment business of non-bonded goods imported by importers in bonded supervision areas with the right to operate foreign trade, and the foreign exchange payment business of individuals with the right to operate foreign trade.

Article 31 The State Administration of Foreign Exchange shall be responsible for the interpretation of these Trial Measures.

Article 32 These Trial Measures shall be implemented as of May 20 10/day. Where the previous provisions are inconsistent with these Trial Measures, these Trial Measures shall prevail.