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Rules Governing the Carrying of Foreign Exchange, Precious Metalsand Payment Instruments in Convertible Currency into or out of China

Rules Governing the Carrying of Foreign Exchange, Precious Metalsand Payment Instruments in Convertible Currency into or out of China (Promulgated by the State General Administration of ExchangeControl on August 10, 1981) Important Notice: In case of discrepancy, the original version in Chinese shall prevail.

Whole Document Rules Governing the Carrying of Foreign Exchange, Precious Metals and Payment Instruments in Convertible Currency into or out of China (Promulgated by the State General Administration of Exchange Control on August 10, 1981) Article 1 These rules are formulated for implementing the stipulations in Articles 27, 28, 29 and 30 of the "Provisional Regulations for Exchange Control of the People's Republic of China".

Article 2 No restriction is imposed on the quantity of foreign exchange, payment instruments in convertible Renminbi, gold, silver, platinum and other precious metals and objects made from them which may be carried into China by persons entering the country, but they must be declared to the Customs at the place of entry.

Article 3 The carrying out of China of foreign exchange, payment instruments in convertible Renminbi, gold, silver, platinum and other precious metals and objects made from them previously brought in shall be permitted by the Customs against the original declaration form issued at the time of entry.

Article 4 The unused portion of the Renminbi which has been converted either from foreign exchange and payment instruments in convertible Renminbi brought in, or from foreign exchange remitted in by persons entering the country may be converted back into foreign exchange before their departure from China and the Customs shall permit the taking out of China of the foreign exchange so obtained against the exchange memo issued by the Bank of China.

Article 5 The carrying out of China of objects made from gold, silver, platinum and other precious metals bought in the country shall be permitted by the Customs against certification by the sellers within the limit as prescribed by the state.

Article 6 The carrying out of China of foreign exchange and payment instruments in convertible Renminbi shall be permitted by the Customs against certification by the Bank of China. The carrying out of China of drafts, traveller's cheques and traveller's letters of credit in foreign currency, and Renminbi bank-note and passbook custodian certificates issued or sold by the Bank of China shall be permitted by the Customs after examination, and no certification by the Bank of China is required.

Article 7 Chinese, or foreign nationals, or stateless persons residing in China shall, when emigrating from the country, be permitted by the Customs to carry out of China gold, silver, platinum and other precious metals and objects made from them within the limit as prescribed by the state.

Article 8 The carrying or sending out of China in person, or by others, or by post of Renminbi cheques, drafts, passbooks and deposit certificates and other Renminbi payment instruments held by Chinese, or foreign nationals, or stateless persons residing in the country is not permitted.

Article 9 Unless otherwise approved by the State General Administration of Exchange Control or its branch offices, it is not permitted to carry or send out of China in person, or by others, or by post, documents and securities held by Chinese residing in the country, such as foreign bonds, debentures, shares and title deeds; certification and agreements relating to the settlement of creditor's rights, inheritances, real estate and other foreign exchange assets abroad; and letters and instruments containing instructions of payment abroad.

Article 10 Where foreign enterprises which have terminated their business in China and foreign nationals who have left China wish to carry out of China foreign securities kept in the country, they shall be permitted to do so by the Customs on the approval of the State General Administration of Exchange Control or its branch offices, but it is not permitted to carry out of the country Chinese securities and shares whether in person, or by others, or by post.

Article 11 Where bilateral agreements have been signed between China and foreign countries on the carrying of currencies into and out of each other's boundary, matters will be handled in accordance with the provisions thereof.

Article 12 These rules shall also apply where foreign exchange, payment instruments in convertible Renminbi, gold, silver, platinum and other precious metals and objects made from them are carried into or out of China by compatriots from Hongkong and Macao.

Article 13 These rules are promulgated by the State General Administration of Exchange Control.

made from them within the limit as prescribed by the state.

Article 8 The carrying or sending out of China in person, or by others, or by post of Renminbi cheques, drafts, passbooks and deposit certificates and other Renminbi payment instruments held by Chinese, or foreign nationals, or stateless persons residing in the country is not permitted.

Article 9 Unless otherwise approved by the State General Administration of Exchange Control or its branch offices, it is not permitted to carry or send out of China in person, or by others, or by post, documents and securities held by Chinese residing in the country, such as foreign bonds, debentures, shares and title deeds; certification and agreements relating to the settlement of creditor's rights, inheritances, real estate and other foreign exchange assets abroad; and letters and instruments containing instructions of payment abroad.

Article 10 Where foreign enterprises which have terminated their business in China and foreign nationals who have left China wish to carry out of China foreign securities kept in the country, they shall be permitted to do so by the Customs on the approval of the State General Administration of Exchange Control or its branch offices, but it is not permitted to carry out of the country Chinese securities and shares whether in person, or by others, or by post.

Article 11 Where bilateral agreements have been signed between China and foreign countries on the carrying of currencies into and out of each other's boundary, matters will be handled in accordance with the provisions thereof.

Article 12 These rules shall also apply where foreign exchange, payment instruments in convertible Renminbi, gold, silver, platinum and other precious metals and objects made from them are carried into or out of China by compatriots from Hongkong and Macao.

Article 13 These rules are promulgated by the State General Administration of Exchange Control.


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