Phoenix Satellite TV November 17th News China Central Bank issued "Interim Measures for the Administration of Personal Property Foreign Transfer" on Tuesday, which allows more capital project transactions to carry out a step towards the direction of the relaxation of foreign exchange systems. China's current foreign exchange system is strictly controlled. According to overseas media reports that the Bank of China is published in the statement of the bank website, Chinese residents will be allowed to carry personal property outbound when moving overseas. In addition, foreign citizens and Hong Kong and Macao Special Administrative Region residents will also be allowed to inherit their inheritance, purchase foreign exchange and remittance. According to the central bank, "Interim Measures for the Administration of Personal Property and External Transfer Sales" has been officially implemented since December 1, 2004. In the statement, the Bank of China will refer to the control of personal property to external metastasis to "important significance", which is to promote the rectification of RMB. At present, the outside world is further considered that China will revisit the Renmin coin value in the near future, and many speculative funds will have a lot of flowing into China. According to the minority of the China Regulatory Sector, the meeting officially said that China's foreign exchange system reform may include the "strictness" policy of the previous "wide and strict" foreign exchange policy into the future "strict" policy. The Central Bank's statement seems to be a step toward this direction. According to Shanghai Securities News, the method refers to the external metastasis of personal property, including two categories: First, the transfer of immigration property is transferred from mainland China, or natural people settle in Hong Kong, Macao Special Administrative Region, and to achieve immigration identity In terms of legal property, purchasing exchange, and foreign behavior; the second is to inherit property transfer, that is, foreign citizens and Hong Kong and Macao residents will inherit the inheritance, purchase and exchange of foreign heritage, purchased exchange and remittance. It is clear that the applicant's application for foreign transfer should be all of my legal property, and may not have a dispute with others. The foreign exchange management department does not accept judicial, supervision and other departments, and the legal provisions shall not be transferred. Property, unable to prove legitimate source of property, and to apply for external metastasis applications involving unpredictable criminal or civil litigation cases. The Measures stipulate that personal property has been applied to the migration of the original household registration location or the foreign exchange management department where the original household registration is located. For the application amount below the equivalent value of 500,000 yuan, the national foreign exchange branch is reviewed; more than the equivalent of 500,000 yuan (including 500,000 yuan), and the approval of the National Foreign Exchange afterwards from each branch. According to the central bank, in order to prevent a large amount of personal property, the revenue and expenditure risk can lead to the ability to cause more than 200,000 yuan, the transfer of immigrant property is "once applying, step-by-step remap", and set a layered approval according to the application amount. In addition, in a very period of time, the central bank can adjust the limit of the external transfer of personal property according to the balance of payments. In addition, in order to prevent illegal capital externality and the loss of state-owned assets, the approach emphasizes the recognition of the applicant and the review of funds. At the same time, the foreign exchange management department will establish communication and collaborative mechanisms with diplomacy, public security, monitoring, judicial and taxation, etc., jointly prevent and control risk.
