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The State Administration of Foreign Exchange (SAFE) claimed on July 5 that to regulate the foreign exchange administration on overseas direct investment by domestic banks, further perfect the statistical system of external investment of China and strengthen the monitoring and analysis of cross-border capital liquidity, SAFE issued the Circular on Relevant Issues Concerning the Foreign Exchange Administration on Overseas Direct Investment by Domestic Banks (hereinafter referred to as Circular), which shall come into effect as of September 1, 2010.




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