Glossary entry

Chinese term or phrase:

留存现汇

English translation:

retained as spot exchange

Added to glossary by albertdeng
May 18, 2007 09:22
17 yrs ago
1 viewer *
Chinese term

留存现汇

Chinese to English Bus/Financial Finance (general)
境内投资者的境外投资利润要办理结汇或留存现汇。

Proposed translations

+1
8 mins
Selected

retained as spot exchange

境外投资外汇管理办法
(1989年2月5日国务院批准)

http://www.xishan.net/resource/电子阅览室/博览群书/法律/国务院行政法规/a20355....

The profit or other incomes in foreign exchange derived by domestic
investors from their investment abroad shall be repatriated within 6
months as of the end of the local accounting year and settled as foreign
exchange or retained as spot exchange in accordance with the pertinent
provisions of the State. Without the approval by the department for
control of foreign exchange, they may not be diverted to other uses or
kept abroad.
境内投资者来源于境外投资的利润或者其他外汇收益,必须在当地会计
年度终了后六个月内调回境内,按照国家规定办理结汇或者留存现汇。未经外汇管理
部门批准,不得擅自挪作他用或者存放境外。


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Note added at 15 hrs (2007-05-19 01:16:02 GMT)
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现金: cash
现汇: spot exchange

中央财经大学-国家精品课程-货币银行学-学习参考现汇spot exchange. 期汇forward exchange. 远期升水forward premium. 远期贴水forward discount. 远期平价forward par. 固定汇率fixed exchange rate. 浮动汇率floating rate. 基准汇率basic rate. 套算汇率cross rate. 买入汇率buying rate ...
www.cufe.edu.cn/jgsz/jingpin/xxck/03.htm - 20k - 类似网页
Peer comment(s):

agree crowdparadise : 现汇和现钞是不同的两个概念,但是这两个概念仅存在于实行外汇管制(如中国)的国家中。现钞主要指的是由境外携入或个人持有的可自由兑换的外国货币;现汇是指由国外汇入,或由境外携入、寄入的外币票据和凭证。由于人民币是中国的法定货币,外币现钞在中国境内不能作为支付手段,银行在使用中需要支付包装、运输、保险等费用,而现汇作为帐面上的外汇,它的转移出境只需进行帐面上的划拨就可以了。因此在银行公布的外汇牌价中现钞与现汇并不等值,现钞的买入价要低于现汇的买入价
2 days 23 hrs
I can't agree with you more! Thank you, Bin Li!
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4 KudoZ points awarded for this answer. Comment: "Thank you."
+2
6 hrs

retained as cash

The only references for "retained as spot exchange" I can find all come from the same original C-E translation of 境外投資外匯管理辦法. Unless 留存现汇 is something only Chinese do, I'd defer to Ms. Huang's suggestion that 现汇 often just means "cash".
Peer comment(s):

agree peiling
12 mins
agree Dr. Chun Biao Li
1 hr
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