跨境投融资外汇管理迎来一揽子便利化政策

Core Viewpoint - The State Administration of Foreign Exchange (SAFE) has introduced a comprehensive set of facilitation policies for cross-border investment and financing, aimed at enhancing the convenience of foreign exchange management and attracting foreign investment to support high-quality economic development [1][2]. Group 1: Cross-Border Investment Foreign Exchange Management Reform - The new policies include the cancellation of basic information registration for pre-investment expenses under Foreign Direct Investment (FDI) [2]. - FDI enterprises are no longer required to register for domestic reinvestment, allowing direct transfer of funds to relevant accounts [2]. - FDI profits generated domestically can now be reinvested within the country [2]. - Non-enterprise research institutions can also attract foreign investment under similar procedures as FDI enterprises [2]. Group 2: Cross-Border Financing Foreign Exchange Management Reform - The facilitation limit for cross-border financing for high-tech and specialized small and medium-sized enterprises has been increased to the equivalent of $10 million, with some selected enterprises eligible for up to $20 million [3]. - The signing and registration requirements for enterprises participating in cross-border financing have been simplified, eliminating the need for audited financial reports from the previous year [3]. Group 3: Capital Project Income Payment Facilitation - 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 are allowed to determine the frequency and proportion of random checks based on clients' compliance and risk levels, enhancing the experience of enterprises in facilitation services [5]. - The policy for foreign individuals purchasing property in China has been expanded nationwide, allowing them to exchange foreign currency for property purchases before obtaining the necessary registration documents [5].