Add to Favorites  |  Subscribe |  Archive  |  Friend us on Facebook |  Follow Caijing on Twitter | 
English > Finance&Economy > Finance-Breakingnews>SAFE Hands Forex Clearance to Commercial Banks

SAFE Hands Forex Clearance to Commercial Banks

05-06 18:31 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-05-06/110160738.html

» China's State Administration of Foreign Exchange (SAFE) issued a notice recently that it will stop handling foreign exchange clearance business on May 27.
» SAFE branches will close forex clearance accounts by June 30.
» The business will be taken over by China's commercial banks, which were permitted to practice this business in July 2008.
Related Articles
  • SAFE Revises Regulations for Foreign Exchange Accounts
  • SAFE to Expand Financing to Companies' Overseas Units
  • SAFE to Expand Financing to Chinese Companies Abroad
  • SAFE Spokesman Falls in Investment Probe
  • SAFE Ranks Third Among Sovereign Wealth Funds
  • SAFE Maintains Equity Investments in London
  • China Claims J&J Products Safe
    • News Galleries
    more
  • The Strongest Earthquake Hit Gaoxiong, Taiwan
    • Most Viewed
    Finance & Economy
    more
  • Shared Journey, Shared Responsibility
  • China Under Test with CBY1.84T Local Debts Due in 2012
  • China Considering "Deeper Invovelment" in Euro's Rescue Efforts Ahead of China-EUO leaders' Meeting
    • Industry & Companies
    more
  • Chinese City Seizes Apple Ipads in Name Dispute
  • BYD Hong Kong Shares Soar 70Pct in 2012 on Multi-Positive Factors
  • Qihoo 360: Apps Should be Back on Apple App Store Shortly
    • Energy & Environment
    more
  • Two Lawsuits Underway Against ConocoPhillips in China
  • China Lays out Timetable for Air Quality Control
  • Chinese Vice Premier Calls for New Air Quality Monitoring Criteria
    • Contact us　|　Subscription　|　About Caijing　|　Work at Caijing　|　FAQs
    Please contact Caijing Magazine for any inquiries. Reproduction in whole or in part without Caijing's permission is prohibited.
    [ICP License: 090027]　IDC License:[B2-20040250]　Advertising Business License:[京海工商广字第0407号]　京公网安备110105005607号
    Copyright by Caijing. All Rights Reserved