AsianFin -- China's People's Bank of China and four other departments on Wednesday jointly issued the "Opinions on Financial Sector Pilot Programs in Certain Free Trade Zones (Ports) to Align with International High Standards for Institutional Opening."
Under the premise of genuine compliance, all capital transfers related to investments by foreign investors in the pilot areas are allowed to be freely remitted in and out without delay, according to the document.
Such transfers include: capital contributions; profits, dividends, interest, capital gains, royalties, management fees and technical guidance fees; the full or partial proceeds from the sale of investments; the full or partial proceeds from the liquidation of investments; payments made under contracts, compensation or indemnity obtained in accordance with the law; and payments arising from dispute resolution.
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