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On January 14, 1997, the State Council revised the regulations on foreign exchange management, adding, among other things, an important regulation, which stipulates that the Chinese government does not restrict regular international payments and transfers under current projects. Enterprises in China (including FIEs)For transactions related to current account items that require foreign exchange, payments may be made from their foreign exchange account without the approval of the State Administration of Foreign Exchange, or a safe deposit box by providing a valid receipt and proof, or convert and pay at the designated foreign exchange bank.