跨境投融资外汇管理迎来一揽子便利化政策 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的限制

Core Viewpoint - The State Administration of Foreign Exchange (SAFE) has issued a notice to deepen reforms in cross-border investment and financing foreign exchange management, aiming to enhance the convenience of cross-border investment and financing, attract foreign investment, and promote high-quality financial services for the real economy [1] Group 1: Foreign Direct Investment (FDI) Management Reform - The notice cancels the basic information registration for pre-investment expenses under FDI, allowing foreign investors to directly open accounts and remit funds [2] - FDI enterprises are no longer required to register for domestic reinvestment, enabling direct fund transfers for reinvestment using foreign capital and RMB funds [2] - Foreign exchange profits generated by FDI enterprises in China can now be reinvested domestically [2] - Non-enterprise research institutions can attract foreign investment by following the same registration and exchange procedures as FDI enterprises [2] Group 2: Cross-Border Financing Management Reform - The notice increases the cross-border financing convenience limit for high-tech and specialized small and medium-sized enterprises to USD 1 million, with some selected enterprises eligible for up to USD 2 million [3] - The signing and registration requirements for enterprises participating in cross-border financing have been simplified, removing the need for audited financial reports from the previous year [3] Group 3: Capital Project Income Payment Optimization - The negative list for the use of capital project foreign exchange income has been reduced, removing restrictions on purchasing non-self-use residential properties [4] - Banks can now determine the frequency and proportion of random checks for capital project foreign exchange income payments based on customer compliance and risk levels [4] Group 4: Foreign Individual Property Purchase Payment Facilitation - The notice extends the pilot program allowing Hong Kong and Macau residents to make property purchase payments in foreign exchange to the entire country, enabling foreign individuals to exchange funds before obtaining property registration documents [5]