Notice of the General Affairs Department of the State Administration of Foreign Exchange on Issuing the Contents and Scoring Criteria for the Assessment of Banks' Implementation of the Provisions on Foreign Exchange Administration

• Document Number：No. 39 [2018] of the General Affairs Department of the State Administration of Foreign Exchange
• Area of Law： Foreign Exchange
• Level of Authority： Departmental Regulatory Documents
• Date issued：02-28-2018
• Effective Date：02-28-2018
• Status： Effective
• Issuing Authority： State Administration of Foreign Exchange

Notice of the General Affairs Department of the State Administration of Foreign Exchange on Issuing the Contents and Scoring Criteria for the Assessment of Banks' Implementation of the Provisions on Foreign Exchange Administration
(No. 39 [2018] of the General Affairs Department of the State Administration of Foreign Exchange)
The branches and foreign exchange administrative departments of the State Administration of Foreign Exchange (“SAFE”) in all provinces, autonomous regions, and municipalities directly under the Central Government; the SAFE branches in Shenzhen, Dalian, Qingdao, Xiamen, and Ningbo; and all national Chinese-funded banks:
According to changes in and adjustments to the provisions on foreign exchange administration from October 2016 to the present day, the SAFE has developed the Contents and Scoring Criteria for the Assessment of Banks' Implementation of the Provisions on Foreign Exchange Administration (2018) (see the Annex, hereinafter referred to as the “Criteria”). You are notified of relevant issues as follows:
I. The assessment of banks' implementation of the provisions on foreign exchange administration for the 2018 assessment year (from October 1, 2017 to September 30, 2018, here and below) shall be governed by the Criteria.
II. The calculation formula for the final assessment score of the head office of a bank: the final assessment score of the head office of a bank = ∑ the scoring point of the bank under each single indicator for general assessment ?60% + the scoring point under the risk assessment indicator + the scoring point of the head office under the separate assessment indicators.
III. Upon receipt of this Notice, all branches and foreign exchange administrative departments of the SAFE shall immediately forward it to the central sub-branches, sub-branches, urban commercial banks, rural commercial banks, wholly foreign-funded banks, Chinese-foreign equity joint venture banks, branches of foreign banks, and rural cooperative financial institutions within their respective jurisdictions, and assess the implementation of the provisions on foreign exchange administration by banks within their respective jurisdictions in a fair and impartial manner in accordance with the Criteria.
IV. Upon receipt of this Notice, all national Chinese-funded banks shall forward it to their branches as soon as possible, and provide various foreign exchange services in compliance with relevant laws and regulations.
V. From the date of issuance of this Notice, the Notice of the General Affairs Department of the State Administration of Foreign Exchange on Issuing the Contents and Scoring Criteria for the Assessment of Banks' Implementation of the Provisions on Foreign Exchange Administration (2017) (No. 31 [2017], General Affairs Department of the SAFE) shall be repealed.
All problems encountered during the implementation thereof shall be reported to the relevant departments of the SAFE in a timely manner. Tel.: 010-68402593 (Department of Balance of Payments), 010-68402181 (Department of Current Account Administration), 010-68402311 (Department of Capital Account Administration), and 010-68402467 (Foreign Exchange Business Data Monitoring Center)

Annex: Contents and Scoring Criteria for the Assessment of Banks' Implementation of the Provisions on Foreign Exchange Administration (2018)
General Affairs Department of the State Administration of Foreign Exchange
February 28, 2018