State Administration of Foreign Exchange Law

The State Administration of Foreign Exchange Law governs how China manages and oversees foreign currencies and cross-border money flows. It sets rules for individuals and businesses to buy, sell, or transfer foreign currencies, ensuring these activities follow national policies and financial stability goals. The law aims to prevent illegal capital movements, maintain a balanced currency market, and strengthen economic control. It establishes the legal framework within which foreign exchange transactions are conducted, promoting transparency, security, and orderly management of China's foreign exchange reserves.