12月5日施行！中国人民银行上海总部印发《上海自由贸易试验区自由贸易账户功能升级实施办法（试行）》

Core Viewpoint - The People's Bank of China Shanghai Headquarters has issued the "Implementation Measures for the Upgrade of Free Trade Account Functions in the Shanghai Free Trade Pilot Zone (Trial)" to facilitate cross-border fund transfers and support the development needs of real enterprises, effective from December 5, 2025 [1] Group 1 - The new measures allow banks to directly handle fund transfers between upgraded accounts and various types of foreign and offshore accounts based on payment instructions from pilot enterprises [1] - Pilot enterprises engaging in capital account businesses, excluding securities investments, will not be subject to limits on foreign debt, cross-border financing, or overseas lending approvals, and do not need to register or open special accounts with foreign exchange management departments [1] - Banks are required to regularly check compliance with overseas investment project filing procedures and report any issues to the People's Bank of China Shanghai Headquarters [1]