What did the Circular on Operating Rules for Purchase of Foreign Exchange under Non-trade Accounts and Foreign Exchange Income and Expenditure of Individuals set out?
The operating rules set out the procedural requirements for converting and remitting foreign exchange in relation to a number of non-trade current account activities, including, for example, official overseas visits, carriage of foreign exchange cash out of China, international tourism, foreign employees' RMB income (salary, bonus, allowance, etc.), rental income of offshore property owners, among other items.
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