China FS Tax News Flash 

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Jan 2013, Issue 1

Moving towards a free capital market - SAFE issued new QFII Measures

In December 2012, the State Administration of Foreign Exchange ("SAFE") released the Amendments to the <Administrative Measures of Foreign Exchange on Investment in Securities in China by QFIIs> (the "new SAFE Measures"), effective from 7 December 2012. This China FS Tax News Flash looks at the major changes brought about by the new SAFE Measures and shares our observations.

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