China's gold import and export will no longer be the four state-owned banks and enterprises a few patents. The People's Bank of China recently announced the "Administrative Measures on Import and Export of Gold Products (Draft for Comment)" (hereinafter referred to as "Measures"). The "Measures" clearly stipulates the qualifications for enterprises applying for the import and export of gold products, as long as the registered capital exceeds 30 million yuan, in line with relevant conditions can apply for gold import and export qualifications. camper trailer for home travel, min camping traliers,RV travel trailers car,travel trailer camping Weifang Choice-link Trading Co., Ltd , https://www.choicelinkrv.com
The "Measures" stipulate that the People's Bank of China is an application and examination and approval authority for the import and export of gold products. Applicants applying for import and export of gold products shall have a registered capital of not less than RMB 30 million. In the past two years, there have been no major violations of laws and regulations, and they have obtained the “Import and Export Enterprise Qualification Certificate of the People’s Republic of China†or have handled foreign trade operations according to law. Registration procedures for registration.
The liberalization of restrictions on gold imports in the Measures is particularly interesting. Before 2003, China only had the People's Bank of China qualified for gold import. Since then, the central bank has approved the import qualifications of Bank of China, ICBC, CCB and ABC. Six companies, including China Jewelry Import and Export Corporation, were approved by the central bank last year and became the first companies to import gold and gold inlaid jewellery. However, the central bank has strict regulations on specific import methods and products.
A gold expert told reporters that the launch of the "Measures" is an important step in the comprehensive liberalization of China's gold business. In May 2003, the central bank stopped implementing 26 administrative examination and approval projects including gold product production, processing, wholesale and retail business, marking the full opening of the market in terms of management system for precious metals such as gold and silver and their products. "And now the relaxation of import and export restrictions will greatly promote the rise of China's gold trading and consumption."
According to the "Measures", enterprises should submit a written application report when applying for the operation of import and export of gold products. The report should explain the purity, use, quantity, weight, specifications, import and export port of gold products. Enterprises applying for export of gold products are also required to submit sales invoices and value-added tax invoices for gold raw materials.