FINANCIAL STREET(SZ:000402) Xin Hua Cai Jing·2025-12-26 13:02Core Viewpoint - The People's Bank of China and the State Administration of Foreign Exchange have issued a notification to facilitate domestic enterprises in raising funds efficiently in overseas financial markets [1] Group 1: Unified Currency Management Policies - The notification standardizes foreign currency fund management policies, allowing funds raised from overseas listings, share reductions, or transfers to be repatriated in either foreign currency or RMB [1] - Dividends for domestic shareholders from H-share "full circulation" listed entities must be distributed in RMB within the domestic market [1] Group 2: Fund Utilization and Risk Management - Companies can autonomously settle and use foreign currency funds raised from overseas listings, with the option to choose their own methods for managing exchange rate risks [1] Group 3: Simplified Management Procedures - The notification simplifies management procedures and relaxes registration time limits, enabling banks to directly assist companies with overseas listing registrations [1] - It also eases the registration time limits for issuance, additional issuance, and share reductions [1] Group 4: Fund Management Regulations - Funds raised from overseas listings, as well as proceeds from share reductions or transfers, are generally required to be repatriated to the domestic market [1] - Companies must promptly return any surplus funds or uncompleted transactions back to the domestic market [1] - Certain qualifying companies are allowed to retain raised funds for use outside of China [1] Group 5: Future Financial Support - The People's Bank of China and the State Administration of Foreign Exchange will continue to enhance financial support for the real economy and optimize cross-border fund management policies [1] - The aim is to improve the convenience of cross-border investment and financing, thereby supporting high-quality economic development [1]