The foreign exchange bureau can timely monitor the information of foreign debt withdrawal, foreign exchange settlement and debt service through the capital account information system, and monitor the use of foreign debt funds through on-site and off-site verification.
Extended data
The detailed rules for the implementation of foreign debt registration of the State Administration of Foreign Exchange stipulates that
Article 5 Regular registration procedures are as follows:
1. The borrower shall, within 15 days after the signing of the first loan contract, go through the registration formalities at the local foreign exchange administration department and obtain a regularly registered foreign debt registration certificate (hereinafter referred to as the registration certificate).
2. When the newly signed loan contract or debt changes in withdrawal and repayment, the borrower shall fill in the Foreign Debt Signing Form and the Foreign Debt Change Feedback Form (hereinafter referred to as the Feedback Form) on a monthly basis and report it to the registration department within 5 days after each month.
3. When the borrower needs to open a cash account, he should go to the designated bank (hereinafter referred to as the bank) to open a special cash account for foreign debt (hereinafter referred to as the foreign debt account) with the registration certificate and the approval letter issued by the registration department, and send the receipt to the registration department the next day.
People's Republic of China (PRC) Foreign Economic Law-Detailed Rules for the Implementation of Foreign Debt Registration of the State Administration of Foreign Exchange