| | 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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