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5.2 Repatriation
of Profits
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| China allows
FIEs and enterprises issuing shares offshore
to remit their profits, dividends and
bonuses out of the country. Such remittances
do not require the prior approval of SAFE.
The enterprises, by presenting the necessary
documents, can make the remittance direct
through the bank, which will report details
of the remittance to the local foreign
exchange administration.
Documents and
Procedures for Remittance of Profits,
Dividends and Bonuses
In accordance with the Notice on
Issues Concerning the Remittance of Profits,
Dividends and Bonuses by Designated Banks,
SAFE is authorised to carry out random check
of remittances amounting to a value
equivalent to US$100,000 or more, or
remittances deemed suspicious, to determine
their authenticity.
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