Tuesday, September 15, 2015

China Update: SAFE slows down EB-5 wires


The State Administration of Foreign Exchange (SAFE) in China recently put new measures in place to restrict foreign currency exchange for individuals who are acquiring US dollars for overseas investment. 

EB-5 investors in China usually require assistance from ten plus friends and relatives to exchange US currencies.  Many immigration agents and investors are complaining that they have difficulties to exchange currencies and make international wires at local banks.  To learn more about the Chinese market and government policies issues, contact us today.

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