The source of foreign exchange for overseas investment by domestic entities are subject to review by the SAFE before the application for such investment is filed with the relevant government agencies.
Profits or other foreign exchange income of Chinese investors from their overseas investment must be remitted home within eight months after the close of each local accounting year and surrendered or kept in foreign exchange accounts in accordance with the regulations. Unless otherwise approved by the SAFE, Chinese investors may not divert foreign exchange
receipts to any other purposes or keep them abroad. Whenever an enterprise winds up its overseas business, the investor shall repatriate all of the assets.
58. SAFE is the abbreviation of the Stated Administration of Foreign Exchange.
A. Right
B. Wrong
C. Doesn’t say
59. When a corporation ends its overseas business, the investor shall repatriate all of the assets.
A. Right
B. Wrong
C. Doesn’t say
60. Chinese investors cannot divert foreign exchange receipts to any other
purposes or keep them abroad.
A.Right
B.Wrong
C.Doesn’t say
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