Branches and foreign exchange administrations of the State Administration of Foreign Exchange in all provinces, autonomous regions and municipalities directly under the Central Government, and branches in Shenzhen, Dalian, Qingdao, Xiamen and Ningbo; Designated Chinese-funded foreign exchange banks: In order to further simplify the administrative examination and approval procedures and promote the convenience of investment and trade, the State Administration of Foreign Exchange (hereinafter referred to as the General Administration) has decided to adjust the examination and approval authority of foreign exchange business in some capital projects in accordance with the Administrative Licensing Law of People's Republic of China (PRC), the Regulations of People's Republic of China (PRC) on Foreign Exchange Management and relevant foreign exchange management regulations.