Foreign-funded enterprises shall proceed to the Foreign Exchange Administration for foreign exchange registration within 30 days after the issuance of business license, and obtain the Foreign Exchange Registration Certificate. Foreign-funded enterprises may decide on their own to apply to Chinese banks or oversea banks, enterprises, individuals outside China, or foreign banks inside China, for loans of foreign exchanges. The above-mentioned loans, if stipulated in the contract, can be paid off in advance by purchasing foreign exchange. Foreign-funded enterprises shall register the foreign exchange loan with the Foreign Exchange Administration with the Foreign Exchange Registration Certificate and the original copy of the loan contract within 15 days after the loan contract is signed.