Published on: 2026-06-28
Source: The People’s Republic of China in Russian –
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Beijing, June 28 /Xinhua/ — Chinese regulatory authorities have proposed amendments to the existing rules on the import and export of gold and gold products. The initiative is aimed at simplifying administration, facilitating trade, and improving the management of gold and gold products transported across borders by private individuals.
The People’s Bank of China /PBOC, Central Bank/ stated that the draft amendments were developed jointly with the General Administration of Customs /GAC/ of the PRC to update the current rules in accordance with the realities of socio-economic development, as well as adjustments to relevant laws and political directives.
According to the proposed amendment under discussion, the provision requiring the NBU and the STU to jointly develop rules for individuals carrying or sending gold and gold products by mail across the border will be canceled.
At the same time, control over such cross-border movements will remain within the competence of customs for the purpose of further management optimization, according to the draft amendments.
Adjustments are also aimed at improving convenience for businesses and the public by further optimizing certain existing measures that have already proven their effectiveness in practice.
Moreover, according to the CB report, the project will strengthen preliminary supervision by refining the scope of customs control, enhancing oversight of foreign trade companies-agents, as well as improving the system of fines for violations. -0-
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