重磅！外汇局拟施行一揽子新政

Core Viewpoint - The State Administration of Foreign Exchange (SAFE) has drafted a notice to deepen the reform of foreign exchange management for cross-border investment and financing, aiming to optimize the business environment and support high-quality economic development [1] Group 1: Cross-Border Investment Policies - The notice cancels the registration of basic information for foreign direct investment (FDI) pre-investment expenses, allowing foreign investors to open accounts directly at banks without prior registration [2] - Foreign investment enterprises can now reinvest in China without the need for registration, streamlining the process and improving efficiency [3] - The notice clarifies that foreign exchange profits generated by foreign investment can be reinvested domestically, providing a clear policy basis for foreign enterprises [3] Group 2: Financing for High-Tech and Specialized Enterprises - The notice raises the foreign debt facilitation limit for high-tech, "specialized and innovative," and technology-based small and medium-sized enterprises to the equivalent of $1 million, with certain qualified enterprises able to access up to $2 million [4][5] - The simplification of signing and registration requirements for cross-border financing will reduce financial costs and improve financing efficiency for enterprises [6] Group 3: Real Estate Sector Adjustments - The notice reduces the negative list for capital project income usage, allowing foreign exchange income to be used for purchasing non-self-occupied residential properties [7] - The notice facilitates the process for foreign individuals to exchange funds for property purchases in China, allowing them to complete transactions without prior registration [8]