SAFE to launch "policy statement" in English

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 ◆ SAFE to launch "policy statement" in English

The China State Administration of Foreign Exchange (SAFE) announced recently that it will launch next year an English version of the Statement of the SAFE, a periodical containing the country's latest foreign exchange policies.

A SAFE spokesman said this move aims to cater to the current situation and the requirements for China's entry into the World Trade Organization (WTO), increase the transparency of policies and regulations and enable the general public to better understand and follow foreign exchange policies and regulations.

On January 1, 2002 SAFE launched the Chinese version of the statement, which mainly carries China's forex administration laws and regulations, forex data and other related information.

The major forex laws and regulations promulgated in 2002 are being compiled into a single volume in English, the spokesman said.