Clifford Chance
SAFE amends regime in regulating roundtrip investments
7 August 2014
The State Administration of Foreign Exchange has just issued Circular 37 to introduce important changes to the regime governing roundtrip investments. The changes clarify the application of the regime and simplify administrative procedures, and are aimed to encourage Chinese enterprises to "go abroad" and facilitate domestic residents in seeking financing in the global market. This briefing compares the new regulatory requirements with the old, and discusses the impact brought about by the change.
