境外个人境内限购房令取消？系误读，只是结汇支付优化

Core Viewpoint - The State Administration of Foreign Exchange (SAFE) has issued a notice to deepen the reform of cross-border investment and financing foreign exchange management, aiming to enhance the convenience of cross-border investment and financing in China [1][2]. Group 1: Policy Changes - The notice reduces the negative list for the use of foreign exchange income and its converted RMB for domestic payments, specifically removing restrictions on purchasing non-self-occupied residential properties [2][5]. - The policy facilitates foreign individuals' purchase of properties in China by allowing them to process foreign exchange payments before obtaining the necessary purchase registration documents from real estate authorities [4][6]. Group 2: Implementation and Impact - The pilot program for Hong Kong and Macau residents in the Guangdong-Hong Kong-Macau Greater Bay Area, which allows for "payment first, documentation later," will be expanded nationwide [3][4]. - As of January 2025, the People's Bank of China in Guangdong has processed 2,603 transactions for Hong Kong and Macau residents, amounting to approximately RMB 2.993 billion, indicating strong demand for cross-border property purchases [3]. Group 3: Regulatory Context - The policy adjustments come in response to changes in the domestic real estate market and aim to support stable development while preventing speculative activities [6]. - The SAFE emphasizes that the new measures do not alter existing policies regarding foreign individuals' qualifications for property purchases in China [6].