Brief Introduction to the Interim Provisions on the Administration of Domestic Foreign Exchange Transfer
The Interim Provisions on the Administration of Domestic Foreign Exchange Transfer shall come into force as of 1997 10 15. In order to regulate domestic foreign exchange transfer, these Measures are formulated in accordance with Article 7 of the Regulations of People's Republic of China (PRC) Municipality on Foreign Exchange Control. The term "foreign exchange transfer" as mentioned in the Regulations refers to the foreign exchange remittance between domestic institutions through financial institutions engaged in foreign exchange business.