Monitored by the State Administration of Foreign Exchange and the People's Bank of China.

For foreign investment enterprises and individuals, revenue and expenses in foreign currencies have to be deposited with or withdrawn from their accounts with the Bank of China or other authorised banks.

After tax profits or income of foreign investment enterprises or individuals can be remitted outside mainland China.

The RMB has appreciated steadily over the recent years and in April 2008 it stood at around RMB 6.9 to the US dollar. Further appreciation is expected.

This article was created on: 2017.07.31