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4 May 2016
China simplifies cross-border flows for gold – PBOC & China customs
MNI reporting headlines from the Chinese central bank (PBOC) and General Administration of Customs, citing new changes introduced in the procedures for gold import and export.
Key Points:
Permits will be issued for frequent gold importers and exporters
Permits can be used multiple times, not exceeding 12; within six months (previously each gold import and export permit was to be used just once within 40 days of issuance)
Takes effect June 1
Key Points:
Permits will be issued for frequent gold importers and exporters
Permits can be used multiple times, not exceeding 12; within six months (previously each gold import and export permit was to be used just once within 40 days of issuance)
Takes effect June 1