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

Financial Services

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Topic starter 02/06/2021 3:29 pm

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.

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