Today, the State Administration of Foreign Exchange issued "to carry out cross-border foreign exchange payment service payment institutions pilot's notice" (hereinafter referred to as the "Notice"), the cross-border foreign exchange payment service payment institutions pilot extended to the country, allowing for cross-border electronic payment mechanism Business transaction parties to provide foreign exchange receipts and payments and foreign exchange services, and online shopping a single transaction limit is increased by the equivalent of $ 10,000 to $ 50,000.

    "Notice", said the relaxation of foreign exchange payment institutions open limit the number of households in the reserve account, and to regulate the pilot process. To obtain pilot qualifications payment institutions, should first apply to the registered foreign exchange bureau "trade foreign exchange payments business directory" to register.

    For strict risk management, "notice" requirement to pay agencies to strictly carry out the transaction authenticity audit responsibilities related information retained for five years for future reference, and submit timely and accurate data and information related to the business. Forex Bureau business development for the pilot-site verification and on-site verification of prudential supervision.

    It is understood that since 2013, the State Administration of Foreign Exchange to carry out cross-border e-commerce payment institutions foreign exchange payment service pilot in Shanghai, Beijing, Chongqing, Zhejiang, Shenzhen and other five regions, the pilot in good condition.