Jiangsu affiliates backup its foreign trade transition

<?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Jiangsu foreign exchange regulator has achieved great success in 2009 to have implemented the central government’s policies for stabled and faster growth in support of economic transfer with optimized financial service. News from the 2010 working conference about Jiangsu foreign exchange management.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Report says for the last year, Jiangsu bureau has fulfilled the reform about import deals payable at different places, and the way has been extended to all areas supervised by the Custom House. It has handled in the whole year more than 17.2 thousand transactions, involving 2.763 billion US dollars.

Moreover, the regulator has set up quarterly off-site monitoring system, attempting to make best use of exchange data service platform jointly invented by Jiangsu bureau and Xuzhou sub-branch. And it has made comprehensive utilization of the data on foreign direct investment, trading loans and foreign debts monitoring, at Suzhou, Yangzhou and Yancheng exchange branches. This method has been introduced to many other exchange sectors over the country,

Meanwhile, Jiangsu bureau has effectively made use of exchange management information system to carry out joint annual check over foreign enterprises, ensuring the integrity and soundness of the data at home and abroad. 32980 firms entered the check while 32940 gained the pass, presenting the checking rate at 97.04 and 96.92 percent respectively.