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Implementation of New Administration Rules on Export Proceeds Kept Abroad MARKET INSIGHT For Corporate Clients Key Highlights New administration rules on export proceeds kept abroad permit corporations registered in China to keep certain amount of funds in overseas accounts SAFE ease the control to facilitate the need for effective cash and liquidity management Background State Administration of Foreign Exchange SAFE has announced new administration rules 2010 67 on export proceeds kept...
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The implementation of new administration refers to the process of putting into action a new governing body or leadership within an organization.
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The organization or entity undergoing the change in administration is responsible for filing the implementation of new administration.
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The purpose of the implementation of new administration is to ensure a smooth transition of power and to communicate the changes in leadership and decision-making within an organization.
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The information to be reported on the implementation of new administration typically includes the names and roles of the individuals in the new administration, the effective date of the change, and any pertinent details regarding the transition process.
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