外汇局：将“科汇通”政策扩大至全国

Core Points - The State Administration of Foreign Exchange (SAFE) has issued a notice to deepen the reform of foreign exchange management for cross-border investment and financing [1][2] - The reforms aim to facilitate foreign investment and financing, enhance the ease of doing business, and support high-quality economic development [1][2] Group 1: Cross-Border Investment Management Reforms - The notice cancels the basic information registration for foreign direct investment (FDI) pre-expenses [1] - It eliminates the registration requirement for domestic reinvestment by foreign-invested enterprises, expanding a pilot policy to nationwide [1] - Foreign exchange profits from foreign direct investment are now allowed for reinvestment within the country [1] - The policy for non-enterprise research institutions to receive foreign funds will be expanded nationwide [1] Group 2: Cross-Border Financing Management Reforms - The notice increases the cross-border financing facilitation limit for high-tech, "specialized and innovative," and technology-based small and medium-sized enterprises to the equivalent of 10 million USD [1] - For selected enterprises under the "innovation point system," the cross-border financing facilitation limit can be further raised to 20 million USD [1] - The registration management process for cross-border financing will be simplified, removing the requirement for audited financial reports for participating enterprises [1] Group 3: Capital Project Income Payment Facilitation - The negative list for capital project income usage has been reduced, removing restrictions on purchasing non-self-use residential properties [2] - Banks are allowed to determine the frequency and proportion of random checks for facilitation services based on customer compliance and risk levels [2] - Foreign individuals can now process foreign exchange payments for real estate purchases before obtaining the necessary registration documents, streamlining the process [2]