From 1 May 2006, General Forex Monrtoring Policy is going to be amended. A brief description of amendments is as follows:

For corporate opening, changing and closing of foreign currency accounts, no prior approval is needed. Banks can handle these directly and they just need to report to the authority afterwards.

Procedures for PRC residents to buy foreign currency are simplified.

Allow qualified banking institutions to invest in fixed income Forex products outside PRC in a limited manner.

Allow qualified securities dealing institutions to gather foreign currencies from individuals or corporations to invest in integrated equity products.

Allow qualified insurance companies to invest in fixed income products and Forex outside PRC.

從2006年5月1日起 ,經常專案外匯管理政策將得到調整,具體調整事項如下:

一、 企業開立、變更和關閉經常專案外匯賬戶，由事前審批調整為由銀行直接辦理，並向外匯局備案;
二、 簡化服務貿易售付彙憑證及境內居民個人購彙手續;
三、 允許符合條件的銀行集合境內機構和個人的人民幣資金，在一定額度內購彙投資於境外固定收益類產品;
四、 允許符合條件的證券經營機構在一定額度內集合境內機構和個人自有外匯，用於在境外進行組合證券投資;
五、 允許符合條件的保險機構購彙投資於境外固定收益類產品及貨幣市場工具。