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 facilitation of cross-border investment and attract foreign capital to support high-quality economic development [1] Group 1: Reforms in Foreign Direct Investment (FDI) Management - The notice cancels the basic information registration for pre-investment expenses, allowing foreign investors to directly open accounts and remit funds for project evaluation and due diligence [2] - It eliminates the registration requirement for domestic reinvestment by FDI enterprises, enabling direct fund transfers for reinvestment without additional registration [2] - FDI profits generated domestically can now be reinvested within the country, and non-enterprise research institutions can receive foreign funds similarly to FDI enterprises [2] Group 2: Cross-Border Financing Management Reforms - The notice increases the cross-border financing facilitation limit for high-tech and specialized small and medium-sized enterprises to the equivalent of 10 million USD, with some selected enterprises receiving a limit of 20 million USD [3] - It simplifies the signing and registration requirements for enterprises participating in cross-border financing, removing the need for audited financial reports from the previous year [3] Group 3: Capital Project Income Payment Facilitation - The negative list for capital project foreign exchange income and its RMB payment usage has been reduced, allowing funds to be used for purchasing non-self-occupied residential properties [4][6] - The notice promotes a "first exchange, then supplement" policy for foreign individuals purchasing property in mainland cities, allowing them to process foreign exchange payments before obtaining property registration documents [5] - This policy aims to meet the reasonable housing needs of foreign individuals working and living in China, facilitating regional integration and talent mobility [5]
来中国投资将更加便利
Jin Rong Shi Bao·2025-09-16 02:14