Tham khảo tài liệu 'bài luận tiếng anh - phần 3', tài liệu phổ thông phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | August To cut down on forex smuggling all Chinese and non-Chinese residents are required to get the safe s approval before taking large amounts of foreign currency abroad. August FIEs were allowed to use foreign exchange settlements accounts as time deposits. In addition they were allowed to obtain renminbi loans backed by foreign exchange collateral. 2000 February The SAFE and the General Customs Administration forbid trade firms from purchasing hard currency to pay for certain categories of imports. 2001 September The SAFE lifted the ban on the purchase of foreign exchange for repayment of past overdue debts . Restrictions on purchasing foreign exchange for advance repayment of domestic foreign-currency denominated debts were relaxed. November A more generous foreign exchange policy was adopted toward individuals paying for their study abroad. According to the previous regulations individuals paying for their own study abroad could only convert their first year tuition and living expenses into foreign exchange whereas the new rule permitted them to convert all tuition and living expenses needed throughout the period of study. 2002 October All enterprises with foreign trading rights including domestically-funded enterprises DFEs and foreign-funded enterprises FFEs became eligible to establish foreign exchange accounts for current international transactions. December Foreign-funded banks were allowed to engage in buying and selling of foreign exchange with DFEs. 2003 March Beijing Tianjing Sichuan Heilongian and other 10 provinces started experiments to relax Chinese firms overseas FDI requirement. Renminbi assets can be used to exchange foreign currency for FDI purposes. Overseas investment under 30 million can be approved by local SAFE branches in the 10 provinces municipalities that were first to experiment with the relaxation of external investment. May If a payment made by the foreign currency credit card exceeds the foreign currency deposit the difference can
