Circular of the State Administration of foreign exchange on the relevant issues concerning the pilot reform of the foreign exchange capital settlement of foreign invested enterprises in some areas
I. The implementation time of the new exchange settlement of the capital exchange of the State Administration of foreign exchange
Answer: the new deal was implemented in August 4, 2014.
Two, exchange of foreign exchange capital willingness to implement what is the exchange?
Answer: willingness to exchange settlement, in fact, still needs settlement, but enterprises can choose their own capital investment settlement time. The official interpretation refers to the foreign exchange capital in the capital account of a foreign invested enterprise which has been approved by the local foreign exchange bureau to handle the settlement of foreign exchange in the bank according to the actual business needs of the enterprise.
Three, what is the advantage of willingness to exchange?
Answer: the settlement of simplified settlement procedures, improve the efficiency of the use of foreign capital, to create a more convenient investment and trade activities of enterprises, reduce the exchange rate risk, enterprises can according to their own situation to choose the investment business of foreign exchange settlement or retention.
Four, the new deal pilot areas what?
Answer: the pilot area: Cooperation Zone, Shenzhen Qianhai Hong Kong modern service industry of Tianjin Binhai New Area, Shenyang Economic Zone, Suzhou Industrial Park, East Lake National Innovation Demonstration Zone, Guangzhou District, Nansha Hengqin, Chengdu high tech Industrial Development Zone, Zhongguancun National Innovation Demonstration Zone, Chongqing Liangjiang New Area, Heilongjiang border development and opening up foreign exchange management reform pilot area, experimental area, comprehensive financial reform in Wenzhou city - Malaysia Pingtan comprehensive Chinese experimentation area, Qinzhou Industrial Park, Guiyang Comprehensive Bonded Zone, and Qingdao wealth management financial comprehensive reform pilot area.
Four. What is the ratio of foreign exchange capital for foreign invested enterprises?
A: the proportion of foreign exchange capital willingness to be settled by foreign invested enterprises is tentatively estimated to be 100%, which must be incorporated in the pilot areas.
Five, is the exchange settlement system implemented before the exchange settlement system? What's the difference between the two?
Answer: before the wishes of the settlement system is the payment settlement payment settlement system, that is when there is actual business needs funds to pay, the bank audit settlement proceeds of RMB funds use the authenticity and compliance and other relevant evidence before the settlement. If the foreign exchange capital of the enterprise is not used for the time being, it must bear certain risk of exchange rate fluctuations.
Six, in the exchange of foreign exchange capital willingness to exchange at the same time, foreign investment enterprises can also choose the current payment settlement system, the use of foreign exchange capital it?
Answer: yes.
Seven, foreign exchange capital willingness to exchange income RMB funds need to be included in the settlement of foreign exchange to be paid account management?
Answer: the needs of enterprises with foreign investment shall be its capital account in the bank to open the corresponding capital - settlement to be paid account (hereinafter referred to as the settlement to be paid account), for the storage of RMB funds obtained from the settlement willingness, and through the account to pay for all kinds of formalities.
Eight, according to the principle of payment settlement, the RMB funds for settlement of foreign exchange can be paid by the settlement of the account to pay?
Answer: can not. Only the RMB exchange of the intention to settle the exchange can be paid by the settlement of the account to be paid.
Nine, what are the income ranges of the capital account of foreign-invested enterprises?
Answer: including foreign investors overseas import foreign exchange capital or subscribed capital (including non resident deposit accounts, offshore accounts and overseas individual foreign exchange accounts funded), special deposit accounts overseas import into the foreign exchange capital account or subscribed capital; the compliance set aside after the draw back of funds, capital funds account name and the funds withdrawn returned for trading, interest income and other income by the administration of foreign exchange registration or approval.
Ten, what are the expenditure ranges of the capital account?
Answer: the expenditure range includes; within the business scope of the settlement, the settlement into the settlement to be paid account within the original currency shall be transferred to the domestic into the special deposit accounts, a capital account of the entrusted loans, accounts, funds centralized management accounts within the territory, the special account for overseas lending, investment, foreign debt accounts for the special account funds remitted by foreign investors reduced or withdrawn, often foreign payment and other capital projects by the administration of foreign exchange registration or approval of the project expenditure.
Eleven. What is the scope of income and the scope of expenditure for settlement of accounts payable?
Answer: the settlement to be paid account of income include: by the corresponding capital account, domestic asset realization accounts, domestic reinvestment account settlement funds allocated by the account of compliance, draw after the draw back of funds, funds withdrawn returned for trading, RMB interest income and other income by the administration of foreign exchange registration or approval.
Settlement to be paid account expenses include: within the scope of business expenses, payment of RMB deposit, drawn to the centralized management of funds accounts, payment has been completed with the RMB loans, foreign direct purchase and payment or repayment of foreign debt, foreign investors reduced or withdrawn funds purchase payments or direct foreign payment, purchase and payment of foreign exchange or foreign direct payment of current account the other capital expenditures and project expenditures Bureau of foreign exchange registration or approval.
Twelve. Can the mutual funds exchanged between the enterprises with foreign investment and the same name settlement be transferred to each other?
Answer: No.
Thirteen, the settlement of the settlement of accounts to pay for the guarantee or payment of other deposits of RMB funds, the need for the original settlement of the settlement of the account to be paid?
Answer: need to return the original road settlement, pending payment account. Except for security, performance or breach of contract.
Fourteen, what shall not be used for the foreign capital enterprises' capital and the RMB funds obtained from the settlement of foreign exchange?
Answer:
1, shall not be directly or indirectly used outside the scope of business or national laws and regulations ban