The Regulations of People's Republic of China (PRC) on Foreign Exchange Control (revised in 2008) has corresponding provisions:
Article 17? Domestic institutions and individuals who directly invest abroad or engage in the issuance and trading of overseas securities and their derivatives shall register in accordance with the provisions of the foreign exchange administration department of the State Council.
Where the approval or filing by the relevant competent authorities is required by the state, the approval or filing formalities shall be handled before the foreign exchange registration. The foreign exchange administration department of the State Council is responsible for the national foreign debt statistics and monitoring, and regularly publishes the foreign debt situation.
Extended data:
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Laws and regulations related to foreign exchange management in People's Republic of China (PRC) (revised in 2008);
Article 24? Financial institutions operating or terminating the foreign exchange settlement and sale business shall be approved by the foreign exchange administration; The operation or termination of other foreign exchange businesses shall be approved by the foreign exchange bureau or the financial industry supervision and regulation institution in accordance with the division of responsibilities.
The funds and profits of financial institutions and the conversion between RMB and foreign currency due to the mismatch of local and foreign currency assets shall be approved by the foreign exchange administration. Chapter V Administration of RMB Exchange Rate and Foreign Exchange Market.
Article 28? Financial institutions engaged in settlement and sale of foreign exchange and other institutions that meet the requirements stipulated by the foreign exchange administration department of the State Council can conduct foreign exchange transactions in the inter-bank foreign exchange market in accordance with the regulations of the foreign exchange administration department of the State Council.
Baidu Encyclopedia-Regulations of People's Republic of China (PRC) on Foreign Exchange Management (revised in 2008)