Morrison & Foerster

International top 30 position: 30
International 50 position (Asia-Pacific): 14

SAFE and foreign exchange rules

Is the State Administration of Foreign Exchange finally loosening its grip on foreign exchange transactions? Not exactly - the baseline principle of control and scrutiny over the flows of money into and out of China seems here to stay. However, in an attempt to make inflows easier and balance out an increasing outbound stream of RMB, SAFE appears to be looking for ways to ease the process of effectuating foreign exchange transactions where doing so does not come at a material cost to their supervisory powers.

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CityPoint
1 Ropemaker Street
London
EC2Y 9AW
UK

Global revenue 2011 ($m): 963.3
Global lawyers 2011: 1,026
Jurisdiction: US
No. of offices: 5
No. of qualified lawyers: 183 (International 50)

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