CIRCULAR OF SAFE ON PRINTING AND DISTRIBUTING THE OPERATION DIRECTIONS (FOR TRIAL IMPLEMENTATION) OF THE INTERIM MEASURES FOR ADMINISTRATION OF SALES AND PAYMENTS OF EXCHANGE IN TRANSFERRING INDIVIDUAL PROPERTY ABROAD

￿￿￿￿(x)The applicant goes through the purchasing and remittance procedures in the designated foreign exchange bank on the basis of the approval
document of the foreign exchange authorities

￿￿￿￿2. The applicant qualification

￿￿￿￿(1) Definition (Article 2 of the Measures)
￿￿￿￿”Emigration transfer” refers to the activity of a natural person who emigrates abroad and has permanent residence thereof or who goes
to Hong Kong, Macau SAR and has permanent residence thereof or who goes to Taiwan region from the mainland and resides there realizes
the legal property owned by him within the territory before he (she) gets an emigration status and purchases exchange in designated
foreign exchange bank and remits outward the exchange.
￿￿￿￿”Inheritance transfer” refers to the activity of a foreign citizen or a permanent resident of Hong Kong, Macau SAR or Taiwan region
who realizes the property inherited within the territory, purchases exchange in designated foreign exchange bank and remits outward
the exchange.
￿￿￿￿(2) The qualification of the applicant for emigration transfer
￿￿￿￿i. A natural person emigrates from Chinese mainland to a foreign country and has permanent residence in the country of residence or
has the citizenship of the country of residence;
￿￿￿￿ii. A natural person goes to Hong Kong or Macau SAR from the mainland and has the permanent residence of the SAR;
￿￿￿￿iii. A natural person goes to and resides in Taiwan region from Chinese mainland.
￿￿￿￿(3) The qualification of applicant for inheritance transfer
￿￿￿￿i. Foreign citizen;
￿￿￿￿ii. Permanent resident of Hong Kong, Macau SAR;
￿￿￿￿iii. Resident in Taiwan region.
￿￿￿￿3. Identity documents of the applicant
￿￿￿￿(1) The identity documents of the applicant for emigration transfer (paragraph 4 of article 8 of the Measures)
￿￿￿￿i. the applicant who is a Chinese citizen and has foreign permanent residence shall provide:
￿￿￿￿(i) Valid passport of the People’s Republic of China or other valid identity certificate such as the Alien Certificate issued by the
country of residence;
￿￿￿￿(ii) The abroad residence certificate of the applicant issued (authenticated) by China’s embassy abroad;
￿￿￿￿(iii) The Chinese resident registration cancellation certificate issued by public security authorities.
￿￿￿￿ii. The applicant who has foreign citizenship shall provide:
￿￿￿￿(i) The ID card of the country of residence of the applicant or other valid identity certificate (for example, passport);
￿￿￿￿(ii) The abroad residence certificate of the applicant authenticated by China’s embassy abroad;
￿￿￿￿(iii) The Chinese resident registration cancellation certificate issued by public security authorities.
￿￿￿￿iii. The applicant who is the resident of Hong Kong, Macau SAR shall provide:
￿￿￿￿(i) (Permanent) resident ID Card of Hong Kong, Macau SAR or other valid identity certificate;
￿￿￿￿(ii) Home-visiting certificate or the passport of SAR;
￿￿￿￿(iii) The inland resident registration cancellation certificate issued by public security authorities.
￿￿￿￿iv. The applicant who is a resident in Taiwan region shall provide:
￿￿￿￿(i) The resident ID Card of Taiwan region or other valid identity certificate for residing in Taiwan;
￿￿￿￿(ii) The laissez-passer of mainland resident commuting from mainland to Taiwan or other entry-exit certificate;
￿￿￿￿(iii) The mainland resident registration cancellation certificate issued by pubic security authorities.
￿￿￿￿(2) The identity documents of the applicant for inheritance transfer (paragraph 3 of article 9 of the Measure)
￿￿￿￿i. The applicant who is a foreign citizen shall provide:
￿￿￿￿(i) The foreign passport or other certificate document held by the applicant that can testify his nationality;
￿￿￿￿(ii) The resident ID card of the country of residence of the applicant or other valid identity certificate;
￿￿￿￿(iii) The residence certification of the applicant for that country authenticated by China’s embassy abroad;
￿￿￿￿ii. The applicant who is the resident of Hong Kong, Macau SAR shall provide:
￿￿￿￿(i) (Permanent) Residence Card of Hong Kong, Macau SAR or other valid identity certificate;
￿￿￿￿(ii) Home-visiting certificate or the passport of SAR;
￿￿￿￿iii. The applicant who is a resident in Taiwan region shall provide:
￿￿￿￿(i) The resident ID Card of Taiwan region or other valid identity certificate for residing in Taiwan;
￿￿￿￿(ii) The laissez-passer of mainland resident commuting from mainland to Taiwan or other entry-exit certificate;
￿￿￿￿4. Related applying material
￿￿￿￿(1) The applying material for emigration transfer (Article 8 of the Measure, operation procedure 1)
￿￿￿￿The applicant shall submit application material to the foreign exchange authorities subject to following format and contents:
￿￿￿￿i. Written application. Including: Basic information introduction of the applicant, the reason to the application for emigration transfer,
the property or income source and a detailed account of the realization, etc.;
￿￿￿￿ii. The Information Table of the Applicant for Emigration Property Transfer Abroad with the signature of the applicant (see attached
table1);
￿￿￿￿iii. The Application Table for Exchange Business in Transferring Abroad Individual Property with the signature of the applicant or
his agent (see attached table 2)
￿￿￿￿iv. The identity document of the applicant (to provide in accordance with Article 3 of this Directions)
￿￿￿￿v. The certificate of income source and other property rights certificates;
￿￿￿￿The certificate of income source and other property rights certificates referred to in this paragraph include:
￿￿￿￿(i) The income source certificate shall be provided with respect to the individual salary and rewards (including salary and stipend,
income from author’s remuneration, income from remuneration for personal service).
￿￿￿￿(ii) With respect to the business income (including income derived from production and business operation and income from contracted
or leased operation of enterprises and institutions by private owner, individual shareholder of enterprises, individual industrial
and commercial households), the declaration table, equity certificate or contracting, leasing contract or agreement and other material
attesting the income source such as financial statements of enterprises, the distribution decisions of the director board of enterprises
shall be provided.
￿￿￿￿(iii) With respect to capital income and the realization (including income derived from interest, dividend, bonus, property leasing,
property transfer and franchising), the deposit certificate, the record in opening stock or bond account and the transaction thereof,
the contract or agreement to property leasing, transfer, franchising, the property right certificate of house, the real estate sale
& purchase agreement or the dismantle and removal compensation agreement shall be provided.
￿￿￿￿(iv) With respect to contingent income (including legal income from welfare lottery, sport lottery, etc) and other property and income,
the proof of actual transaction record shall be provided.
￿￿￿￿vi. Relevant tax documents or tax payment receipts shall be submitted in accordance with relevant provisions of the State Administration
of Taxation.
￿￿￿￿vii. Agency authorization agreement and the identity documents of the agent shall be provided if the formalities are handled by authorized
agent.
￿￿￿￿The identity document of the agent referred to in this paragraph is the ID card or other valid identity document if the agent is a
resident within the territory; or if the agent is a foreign citizen or a Chinese citizen who resides abroad, the identity document
of the agent authenticated or issued by abroad Chinese embassy is required to be submitted.
￿￿￿￿The property rights document mentioned above such as the property right certificate of house, the real estate sale & purchase
agreement or the dismantle and removal compensation agreement, the contract or agreement to contract, lease property, property transfer
contract or agreement, franchising contract or agreement shall be notarized and the authorization agreement and the identity document
of the agent shall be notarized.
￿￿￿￿(2) The applying material for emigration transfer (Article 9 of the Measure, operation procedure 1)
￿￿￿￿i. Written application. Including: an introduction of the general information of the applicant, the relation between the applicant
and the predecessor, the reason to the application for inheritance transfer, the property source of the predecessor and a detailed
account of the realization, etc.;
￿￿￿￿ii. The Information Table of the Applicant for Emigration Property Transfer Abroad with the signature of the applicant (see attached
table1);
￿￿￿￿iii. The identity certificate of the applicant (to provide in accordance with Article 3 of this Directions);
￿￿￿￿iv. The document proving that the applicant inherits the property;
￿￿￿￿v. The proof document of the right of the inherited property;
￿￿￿￿The property right referred to in this paragraph means the primary status of the property inherited by the applicant; related proof
document of property rights include:
￿￿￿￿(i) With respect to real property (such as house), the post_title deed of house, the sale & purchase agreement for real estate or the
dismantle and removal compensation agreement etc. shall be provided;
￿￿￿￿(ii) With respect to chattel (such as vehicles), the ownership certificate such as vehicle registration shall be provided;
￿￿￿￿(iii) With regard to financial assets (savings, stocks and bonds etc.), savings proof, opening account and trading records of stocks
and bonds, and equity certificate etc. shall be provided;
￿￿￿￿(iv) With regard to other assets, proof of the property ownership by inheritance shall be provided.
￿￿￿￿vi. Relevant tax document or tax payment receipt shall be submitted in accordance with relevant provisions of the State Administration
of Taxation.
￿￿￿￿vii. Agency authorization agreement and the identity document of the agent shall be provided if the formalities are handled by authorized
agent.

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