Workflow
优化完善境内企业境外上市资金管理
Zhong Guo Zheng Quan Bao·2025-08-01 21:02

Core Viewpoint - The State Administration of Foreign Exchange (SAFE) emphasizes the need to enhance cross-border investment and financing facilitation, aiming to implement a series of measures to support foreign investment and optimize foreign exchange management for high-quality economic development [1][2]. Group 1: Key Measures for Foreign Exchange Management - The meeting outlines a comprehensive approach to strengthen cross-border investment and financing, including the cancellation of registration for foreign investment enterprises' domestic reinvestment and facilitating cross-border financing for technology enterprises [1][2]. - Implementation of multinational corporate cash pool management policies and pilot programs for green foreign debt is highlighted as a priority [1][2]. - The meeting stresses the importance of enhancing foreign exchange monitoring and analysis, as well as macro-prudential management of cross-border capital flows [2]. Group 2: Reform and Opening-up in Foreign Exchange - The meeting calls for deepening reforms in the foreign exchange sector to support stable foreign trade development and optimize foreign exchange management for new trade formats [2]. - It emphasizes the need for regional support in open development, particularly in free trade zones and regions like Hainan Free Trade Port and the Guangdong-Hong Kong-Macao Greater Bay Area [2]. Group 3: Risk Management and Regulatory Enhancements - The meeting addresses the necessity of preventing and mitigating external shock risks through enhanced monitoring and timely counter-cyclical adjustments to maintain market stability [2]. - It highlights the importance of improving regulatory capabilities under open conditions, including legal construction in foreign exchange management and the use of technology to enhance regulatory efficiency [2]. Group 4: Development of Foreign Exchange Management Systems - The meeting emphasizes the need to improve the management of foreign exchange reserves to ensure asset safety, liquidity, and value preservation [2]. - It also discusses the construction of an international balance of payments statistical system and the implementation of the seventh edition of the "Balance of Payments and International Investment Position Manual" [2][3]. Group 5: Overall Improvement of Foreign Exchange Management - The meeting calls for a comprehensive enhancement of foreign exchange management work, including pre-policy evaluation and post-implementation tracking [3]. - It encourages the development of "digital foreign exchange management" and "smart foreign exchange management" to enrich cross-border financial service applications [3].