外汇局最新发布！便利境外个人境内购房，允许FDI项下外汇利润境内再投资

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, attract foreign investment, and promote high-quality development of the real economy [1][2]. Group 1: Investment Reforms - The notice cancels the basic information registration for pre-investment expenses under Foreign Direct Investment (FDI), allowing foreign investors to directly open accounts and remit funds without prior registration [3]. - FDI enterprises can reinvest their foreign exchange profits generated in China without needing to register for domestic reinvestment [3]. - The policy for non-enterprise research institutions to receive foreign funds has been expanded nationwide, facilitating foreign investment in these institutions [3]. Group 2: Financing Reforms - The notice increases the cross-border financing convenience limit for high-tech, "specialized and innovative," and technology-based small and medium-sized enterprises to the equivalent of $10 million, with some selected enterprises receiving up to $20 million [4]. - Simplification of cross-border financing registration management is introduced, eliminating the requirement for audited financial reports for companies participating in cross-border financing [4]. Group 3: Payment Convenience - The negative list for capital project foreign exchange income and its RMB conversion for domestic use has been reduced, removing restrictions on purchasing non-self-use residential properties [5][6]. - The notice promotes a "pay first, supplement later" approach for foreign individuals purchasing property in China, allowing them to convert foreign exchange for payment before obtaining the necessary property registration documents [6]. - Banks are allowed to determine the frequency and proportion of random checks for capital project foreign exchange payment businesses based on customer compliance and risk levels, enhancing the experience for enterprises [6].