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Can foreign exchange capital of foreign-invested enterprises be used at will after it is recorded in the FTP account

Posted: Wed Jun 02, 2021 7:29 am
by TropicalHainan
Can the foreign exchange capital of foreign-invested enterprises be used at will after it is recorded in the Hainan FTP account?

No. The enterprise can only conduct foreign exchange settlements, transfer and external payments within the scope of business after the bank verifies the authenticity.