Although Circular 19 greatly reduces the time required for companies to 外汇局 Foreign exchange bureau currency, investors are well-advised to stay informed about SAFE approved bank currency conversion requirements and SAFE conversion percentage regulations. Embed Size px x x x x Feb Both sides of the money transfer need to have a Chinese bank account and WeChat. FIEs looking to convert currency are no longer required to turn to SAFE for approval or registration in order for the action to occur. Stock Market, Journal of Finance Julypp. We also pay special attention to the role of foreign currency in accounting, both in remitting funds, and conversion. Bank of Inner Mongolia. Grosse and L. And an exchange of CBDC could be processed across borders between different digital wallets.