外汇各个重要文中英文对照.pdf

中国法律简报 No. 05 January 2006 CHINA’S NEW FOREIGN EXCHANGE REGULATION LIFTS This issue covers: 本期内容： MORATORIUM ON OFFSHORE RESTRUCTURINGS Feature: Offshore Restructuring By Kevin Ban (kevin.ban@) 境外重组专栏 1 On October 21, 2005, the State Administration of Foreign Exchange Recent Chinese Laws (“SAFE”) of the People’s Republic of China (“PRC”) issued Circular No. 近期中国法律 75 on Issues Relating to the Administration of Foreign Exchange in Respect of Financings and Return Investments by PRC Residents through Offshore Offshore Financing / 境外融资 Special Purpose Vehicles (“Circular 75”). •Forex Administration of Offshore Financing and Returning Investment Circular 75 narrows considerably the scope of the regulatory web which had 境外公司融资及返程投资外汇管理 ... 4 been instituted by Circular No. 11 and Circular No. 29 promulgated by the 1 •Perfecting Foreign Debts Administration SAFE in January 2005 and April 2005, respectively (the “Old Circulars”) . 完善外债管理 7 In addition to expressly vacating the Old Circulars, Circular 75 establishes a Foreign Guarantee/对外担保 much more precise regulatory scheme which brings into its coverage only those transactions that were arguably the intended ta