V. The State Administration of Foreign Exchange Issued the Catalogue of Existing Effective Laws and Regulations on Foreign Exchange Administration (as of the end of July, 2012).

The State Administration of Foreign Exchange issued the new Catalogue of Existing Effective Laws and Regulations on Foreign Exchange Administration ( as of the end of July, 2012) ( the “ 2012 Catalogue”) on 5, September, 2012. The 2012 Catalogue includes 400 laws, regulations and policies of foreign exchange administration, classified into 8 items including the General, Foreign Exchange Administration under Current Account, Foreign Exchange Administration under Capital Account, Foreign Exchange Inspection and Application of Regulations, Supervision of the Foreign Exchange Business of Financial Institutions, RMB Exchange Rate and Foreign Exchange Market, Balance of Payments and Foreign Exchange Statistics and Scientific Administration of Foreign Exchange. Meanwhile, the State Administration of Foreign Exchange simultaneously issued the old laws and regulations on its website. It is said the Catalogue will be regularly renewed and updated.