Core Viewpoint - The article discusses the recent announcement by the People's Bank of China and the State Administration of Foreign Exchange regarding the management of funds for domestic enterprises listed overseas, aiming to enhance the efficiency of cross-border financing and unify foreign currency policies [1]. Group 1: Unified Foreign Currency Management Policy - The notification proposes that funds raised from overseas listings, as well as proceeds from share reductions or transfers, can be repatriated in either foreign currency or RMB, with relevant funds allowed to use capital account settlement accounts for inflow and outflow [2]. - For companies using foreign currency raised from overseas listings, they can autonomously conduct foreign exchange settlement, and they can choose their own methods for foreign exchange risk management through banks or brokers [2]. Group 2: Simplified Management Procedures - The notification simplifies the management procedures for domestic enterprises listed overseas by allowing banks to handle the registration process directly, rather than requiring registration with the State Administration of Foreign Exchange [2]. - The time limits for registration have been extended, with the issuance and increase registration period extended from 15 to 30 working days, and the reduction registration period adjusted from 20 working days before reduction to 30 working days after [2]. Group 3: Regulation of Fund Management - The notification stipulates that funds raised from overseas listings and proceeds from share reductions or transfers should generally be repatriated to the domestic market, with any surplus funds from shareholder remittances needing to be returned promptly [3]. - It also allows for the retention of funds overseas for reasonable business needs if prior approvals or filings have been obtained from relevant authorities before the overseas listing [3].
企业境外上市,迎利好!
新华网财经·2025-05-24 03:03