Chinese
nationals will be required to report their
overseas assets and debt situation to the country's State Administration
of Foreign Exchange (SAFE), the new regulation will become effective January 1, 2014.
The move is an attempt by SAFE to keep an eye on outbound investment
and money transfers. Many Chinese investors and corrupt officials
are using illegal methods to transfer large amounts of capital to
foreign countries, including the USA. The Chinese company party also
takes measures to require high ranking party officials to report
family's overseas connections and family member's immigration status.
To learn more about Chinese investors market, come to join us in Las Vegas Feb. 5, 2014.
To learn more about Chinese investors market, come to join us in Las Vegas Feb. 5, 2014.
