What is the framework of audit in China?

What documents are required to open a current account?

a) Application letter to open a foreign exchange current account b) Original and photocopy of the business license or non-government organization registration license c) Original and photocopy of approval for doing foreign exchange business issued by competent government body, Foreign Exchange Registration Certificate, or foreign exchange income documents d) Original and photocopy of organization code […]

How can a foreign exchange current account be used?

The foreign exchange current account can receive the income of foreign exchange classified as current account items. On the other hand, it can be used to pay current account items or approved capital account item.

What is the framework of audit in China?

What is the evolution process of Chinese foreign exchange administration system?

Foreign exchange administration represents a series of administration measures adopted by the state currency and finance administration authority or other government bodies as entrusted by the state to implement control upon foreign exchange regarding its income and expenditure, purchase and sales, borrowing and lending, transfer, settlement of international balance, foreign exchange rate and foreign exchange […]