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INFORMATION REQUEST REVIEW OF MEASURESProduct: CERTAIN HOLLOW STRUCTURAL SECTIONSFrom:THE PEOPLE Are REPUBLIC OF CHINA, THE REPUBLIC OF KOREA, MALAYSIA and TAIWANInquiry Period:1 July 2016 to 30 June
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Thunder out of China refers to a notification requirement for certain financial transactions or capital flows involving Chinese entities. It is often associated with the reporting of cross-border investments and trade activities.
Entities involved in cross-border transactions with Chinese counterparts, including both domestic and foreign businesses, are typically required to file 'thunder out of China' reports.
To fill out a 'thunder out of China' form, entities should provide detailed information regarding the nature of the transaction, the parties involved, and the financial details as specified in the relevant regulations. It's advisable to consult a compliance professional for accurate submission.
The purpose of 'thunder out of China' is to ensure transparency and regulatory oversight of cross-border financial flows and transactions involving Chinese entities, helping to prevent financial fraud and ensure compliance.
The information that must be reported typically includes the amount of the transaction, the identities of the parties involved, the purpose of the transaction, and relevant supporting documentation as required by regulatory authorities.
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