According to report of Shanghai Securities News, the State Administration of Foreign Exchange (SAFE) recently issued a circular recently, publishing the recorded list of foreign-invested real estate enterprises by MOFCOM that all the branches of SAFE (foreign exchange management department) and foreign exchange designated banks could directly search through the official website of MOFCOM, and hereby transacted foreign exchange registration of foreign-invested real estate enterprises and foreign exchange settlement and sales of capital account.

It is understood that the main purpose of issuing the circular with less than 200 words was to further simplify procedures for foreign exchange registration, and the circular had entered into force since the date of promulgation.

To enhance the audit for authenticity and compliance of capital flows, the Ministry of Finance and National Administration of Foreign Exchange issued a series of circulars since 2002, to build a sound system for foreign investment and foreign exchange registration. In order to promote the healthy development of the real estate market, in 2006 and 2007, the SAFE jointed a number of departments to strengthen the management to foreign-invested real estate enterprises in foreign loans borrowing, foreign exchange registration and settlement of exchange.

£¨Source: http://www.sme.gov.cn/index.htm£©