国家外汇局深化跨境投融资外汇管理改革

Group 1 - The State Administration of Foreign Exchange (SAFE) has announced reforms to enhance cross-border investment and financing foreign exchange management [1] - The reforms include the cancellation of preliminary information registration for foreign direct investment and the expansion of the exemption policy for reinvestment registration of foreign-invested enterprises nationwide [1] - Foreign direct investment profits can now be reinvested domestically, and the "Kehuitong" policy for non-enterprise research institutions to receive foreign funds will be expanded nationwide [1] Group 2 - The reforms also aim to facilitate cross-border financing by increasing the financing convenience limit for high-tech, "specialized and innovative," and technology-based small and medium-sized enterprises to the equivalent of 10 million USD [1] - For selected eligible enterprises under the "innovation point system," the cross-border financing convenience limit will be further raised to the equivalent of 20 million USD [1] - Simplifications in registration management will be implemented, removing the requirement for audited financial reports for companies participating in cross-border financing convenience [1] Group 3 - The capital project income payment facilitation policy will be optimized by reducing the negative list for capital project income usage and removing restrictions on purchasing non-self-use residential properties [2] - Banks will have the discretion to determine the proportion and frequency of random checks for facilitation services based on customer compliance and risk levels [2] - Foreign individuals can now process foreign exchange settlement for real estate purchases before obtaining the necessary registration documents, provided they meet local purchasing qualifications [2]