In order to deepen the reform of the foreign exchange management system, simplify the administrative examination and approval procedures, and standardize the income and expenditure behavior under cross-border guarantees, the State Administration of Foreign Exchange decided to improve the measures for the administration of cross-border guaranteed foreign exchange, and formulated the Regulations on the Administration of Cross-border Guaranteed Foreign Exchange and its operational guidelines (hereinafter referred to as the Regulations). It is issued to you, please follow it.

These Provisions shall be implemented as of June 20 14 1 day. If the relevant provisions are inconsistent with these Provisions, these Provisions shall prevail. After the implementation of the Regulations, the regulations listed in Annex 3 shall be abolished.

legal ground

Article 2 of the Provisions on the Administration of Foreign Exchange with Cross-border Guarantee The term "cross-border guarantee" as mentioned in these Provisions refers to the legally binding guarantee made by the guarantor to the creditor, which promises to fulfill the relevant payment obligations in accordance with the guarantee contract, and may lead to international payment transactions such as cross-border receipt and payment of funds or cross-border transfer of asset ownership.

In order to deepen the reform of the foreign exchange management system, simplify the administrative examination and approval procedures, and standardize the income and expenditure behavior under cross-border guarantees, the State Administration of Foreign Exchange decided to improve the measures for the administration of cross-border guaranteed foreign exchange, and formulated the Regulations on the Administration of Cross-border Guaranteed Foreign Exchange and its operational guidelines (hereinafter referred to as the Regulations). It is issued to you, please follow it.

These Provisions shall be implemented as of June 20 14 1 day. If the relevant provisions are inconsistent with these Provisions, these Provisions shall prevail. After the implementation of the Regulations, the regulations listed in Annex 3 shall be abolished.

legal ground

Article 2 of the Provisions on the Administration of Foreign Exchange with Cross-border Guarantee The term "cross-border guarantee" as mentioned in these Provisions refers to the legally binding guarantee made by the guarantor to the creditor, which promises to fulfill the relevant payment obligations in accordance with the guarantee contract, and may lead to international payment transactions such as cross-border receipt and payment of funds or cross-border transfer of asset ownership.