外汇局深化跨境投融资外汇管理改革 缩减资本项目收入使用负面清单，取消不得用于购买非自用住宅性质房产限制

Group 1 - The State Administration of Foreign Exchange (SAFE) issued a notice on September 15 to deepen the reform of cross-border investment and financing foreign exchange management, introducing nine reform measures aimed at enhancing the convenience of cross-border investment and financing [1][2] - The notice allows foreign direct investment (FDI) enterprises to reinvest their foreign exchange profits generated in China without prior registration, streamlining the process for foreign investors [1][2] - The notice expands the pilot policy of allowing non-enterprise research institutions to receive foreign funds nationwide, facilitating foreign investment in research and development [2] Group 2 - The notice increases the cross-border financing convenience limit for high-tech, specialized, and innovative small and medium-sized enterprises to the equivalent of $10 million, with some selected enterprises receiving an increased limit of $20 million [2] - The notice simplifies the registration management for cross-border financing, eliminating the requirement for audited financial reports for participating enterprises [2] - The notice reduces the negative list for the use of foreign exchange income and its converted RMB for domestic payments, removing restrictions on purchasing non-self-use residential properties [2][3] Group 3 - The notice promotes a "pay first, supplement later" approach for foreign individuals purchasing property in China, allowing them to exchange foreign currency before obtaining the necessary purchase registration documents [3] - The notice aims to optimize the foreign exchange management measures in response to changes in the domestic real estate market, supporting stable development in the sector [3] - The notice allows banks to determine the frequency and proportion of random checks for compliance in capital project foreign exchange income payment facilitation, enhancing the experience for enterprises [3]