Group 1 - The State Administration of Foreign Exchange (SAFE) issued a notice on September 15 to deepen the reform of cross-border investment and financing foreign exchange management, introducing nine reform measures aimed at enhancing the convenience of cross-border investment and financing [1][2] - The notice allows foreign direct investment (FDI) enterprises to reinvest their foreign exchange profits generated in China without prior registration, streamlining the process for foreign investors [1][2] - The notice expands the pilot policy of allowing non-enterprise research institutions to receive foreign funds nationwide, facilitating foreign investment in research and development [2] Group 2 - The notice increases the cross-border financing convenience limit for high-tech, specialized, and innovative small and medium-sized enterprises to the equivalent of $10 million, with some selected enterprises receiving an increased limit of $20 million [2] - The notice simplifies the registration management for cross-border financing, eliminating the requirement for audited financial reports for participating enterprises [2] - The notice reduces the negative list for the use of foreign exchange income and its converted RMB for domestic payments, removing restrictions on purchasing non-self-use residential properties [2][3] Group 3 - The notice promotes a "pay first, supplement later" approach for foreign individuals purchasing property in China, allowing them to exchange foreign currency before obtaining the necessary purchase registration documents [3] - The notice aims to optimize the foreign exchange management measures in response to changes in the domestic real estate market, supporting stable development in the sector [3] - The notice allows banks to determine the frequency and proportion of random checks for compliance in capital project foreign exchange income payment facilitation, enhancing the experience for enterprises [3]

新华社北京9月15日电（记者刘开雄）国家外汇管理局15日对外发布通知，出台一揽子便利化政策，深 化跨境投融资外汇管理改革。其中涉及外商直接投资、企业跨境融资，以及境外个人境内购房结汇支付 等方面内容。 在外商直接投资方面，通知明确取消外商直接投资（FDI）前期费用基本信息登记，并允许FDI项下外 汇利润境内再投资。同时，在原先试点基础上，将取消FDI企业境内再投资登记、便利非企业科研机构 吸引利用外资的"科汇通"等两项政策推广至全国。 "现行资本项目外汇收入及其结汇所得人民币在境内支付使用的负面清单中，包括不得用于购买非自用 的住宅性质房产。"国家外汇管理局副局长、新闻发言人李斌说，这是在当时房地产市场过热背景下， 国家外汇管理局从防范"热钱"投机炒作角度出台的措施。 李斌表示，近年来，国内房地产市场形势已发生变化，房地产行业相关宏观调控措施已优化调整。相关 外汇管理措施有必要加以优化调整，以适应新形势新要求，助力房地产市场稳健发展。 "境外个人境内购房结汇支付便利仅是在银行办理资金结汇支付时的审核程序优化，并未改变现行境外 个人境内购房政策。"李斌强调，享受政策便利的前提是境外个人符合房地产主管部门和各地购 ...

《通知》允许FDI项下外汇利润境内再投资，即FDI企业境内合法产生的外汇形式利润、境外投资者合 法取得的外汇利润，可以在境内进行再投资。 为便利非企业科研机构吸引利用外资，《通知》将部分省市试点的境内非企业科研机构接收境外资金 （"科汇通"）政策扩大至全国，便利非企业科研机构吸引利用外资。 统一提高跨境融资便利化额度 在深化跨境融资外汇管理改革方面，《通知》将扩大跨境融资便利，将高新技术、"专精特新"和科技型 中小企业的跨境融资便利化额度统一提高至等值1000万美元，将部分依托"创新积分制"遴选的符合条件 的企业的跨境融资便利化额度进一步提升至等值2000万美元。 近年来，外汇局积极探索解决中小微高新技术企业和专精特新企业融资抵押物不足、融资贵等问题，在 部分地区开展跨境融资便利化试点。《通知》的落地意味着全国范围内高新技术、"专精特新"和科技型 中小企业都将享受跨境融资便利化政策利好。 为扩大高水平开放，服务经济高质量发展，国家外汇管理局（下称外汇局）9月15日发布《关于深化跨 境投融资外汇管理改革有关事宜的通知》（下称《通知》），自发布之日起实施。 《通知》分别从投资端、融资端和支付便利三个方面提出9条改 ...

为扩大高水平开放，服务经济高质量发展，国家外汇管理局（下称外汇局）9月15日发布《关于深化跨境投融资外汇管理改革有关事宜的通知》（下称 《通知》），自发布之日起实施。 《通知》分别从投资端、融资端和支付便利三个方面提出9条改革措施。国家外汇管理局副局长、新闻发言人李斌指出，《通知》将提升跨境投融资便利化水平， 助力吸引和利用外资，促进金融服务实体经济高质量发展。 允许FDI项下外汇利润境内再投资 在深化跨境投资外汇管理改革方面，《通知》提出将取消外商直接投资（FDI）前期费用基本信息登记。这意味着境外投资者在境内设立FDI企业前需要汇入前期费 用的，可直接开立相关账户并汇入资金。 此前，部分省市试点FDI企业境内再投资免登记政策并运行良好。本次《通知》将试点扩大至全国，明确取消FDI企业境内再投资登记。此后，FDI企业以外汇资本 金及其结汇所得人民币资金开展境内再投资时，被投资企业或股权出让方无需办理接收境内再投资登记。 《通知》允许FDI项下外汇利润境内再投资，即FDI企业境内合法产生的外汇形式利润、境外投资者合法取得的外汇利润，可以在境内进行再投资。 为便利非企业科研机构吸引利用外资，《通知》将部分省市试 ...

人民财讯9月15日电，国家外汇管理局发布关于深化跨境投融资外汇管理改革有关事宜的通知，其中指 出，便利境外个人境内购房结汇支付。境外个人在满足房地产主管部门及各地购房资格条件下，可以在 取得房地产主管部门的购房备案证明文件之前，凭购房合同或协议先行在银行办理购房所涉外汇资金结 汇支付，后续再向银行补交购房备案证明文件。境内购房结汇支付便利不改变境外个人境内购房政策。 ...

北京商报讯（记者 廖蒙） 9月10日—14日，2025年服贸会在北京首钢园举行。9月12日，国家外汇管理 局北京市分局指出，为做好服贸会期间外币兑换服务保障工作，国家外汇管理局北京市分局与辖内银行 内外联动、上下协同，切实加强外币代兑机构业务指导和管理，全力保障与会人员外币兑换服务需求， 展现首都良好金融服务形象。 截至2025年9月9日，全市可正常提供服务的外币代兑点293家，自助兑换机91台。 在具体举措上，国家外汇管理局北京市分局提出，强化三级责任机制，压实网格化管理主体责任。辖内 授权银行通过建立专项工作小组、召开动员会等方式，及时向下属支行传达部署服贸会期间外币兑换服 务重点工作及有关要求。进一步明确分行业务主管部门加强支行管理，开展合规指导。支行主管行长主 抓落实，及时组织开展业务巡检、人员培训、备钞准备等各项工作，切实加强代兑机构管理。支行经办 人员加强与代兑机构的对接沟通，及时了解代兑机构兑换币种需求，适时增加可兑换币种，同时做好业 务指导。 二是构建"定期巡检+现场检查+非现场检查"多维排查模式，确保代兑业务平稳、合规运行。多家授权 银行建立了巡检机制，定期排查、督导代兑机构外币兑换服务情况 ...

Core Viewpoint - The State Administration of Foreign Exchange (SAFE) has released a draft notification aimed at facilitating foreign exchange fund settlement to support stable foreign trade development, with feedback due by October 5, 2025 [1] Group 1: Policies for Expanding and Improving Facilitation - Five policies focus on expanding and improving existing facilitation measures, including the expansion of cross-border trade high-level open pilot areas to more regions that meet national strategic development directions [2] - The types of net settlement for cross-border trade high-level open pilot areas will be broadened to include net settlement of funds related to transportation costs associated with goods trade [2] - Simplification of procedures for multinational companies regarding the centralized collection and payment of current account funds will be implemented to enhance settlement efficiency for quality multinational companies [2] - Foreign exchange use for salaries of foreign-related employees will be made easier, allowing direct bank transactions within a specified limit without prior approval [2] - Banks are encouraged to include more cross-border e-commerce platforms and foreign trade service enterprises, as well as their small and micro e-commerce clients, in the facilitation policies for trade foreign exchange receipts and payments [2] Group 2: Optimization and Improvement of Trade Foreign Exchange Management - Four policies focus on optimizing and improving trade foreign exchange management, including the enhancement of foreign exchange fund settlement for foreign trade service enterprises, allowing banks to process transactions based on electronic information such as orders and logistics [3] - The scope of service trade advance payment will be relaxed, enabling banks to facilitate payments for transportation and storage fees related to trade, provided there is a trade relationship between domestic and foreign entities [3] - Support for overseas fund centralized management for contracting engineering companies will be provided, allowing for cross-national and cross-regional fund allocation for trustworthy contracting firms [3] - A mechanism for handling special foreign exchange business under current accounts will be improved to enhance banks' autonomy and service levels in managing complex transactions, ensuring legitimate foreign exchange rights [3]

Core Viewpoint - The State Administration of Foreign Exchange (SAFE) has drafted a notice to facilitate cross-border trade settlement and enhance foreign exchange support for stable foreign trade development, inviting public feedback on the proposal [1] Group 1: Policy Support - The notice supports regions with genuine needs and compliant business entities that align with national strategic development directions to implement high-level open pilot programs for cross-border trade after completing relevant reporting procedures [1] - The notice encourages compliant banks to include trustworthy cross-border e-commerce platforms and foreign trade service enterprises, along with their recommended clients, in trade facilitation policies or high-level open pilot programs [1] Group 2: Operational Guidelines - Banks can process cross-border e-commerce receipts and payments for foreign trade service enterprises and their entrusted clients based on electronic transaction information provided by these enterprises [1] - The notice allows for the offsetting of related costs such as warehousing, logistics, and taxes incurred abroad against export proceeds, while adhering to foreign-related income and expenditure management information regulations for actual payment data and restoration data reporting [1]

Core Points - The State Administration of Foreign Exchange (SAFE) has issued a notice to further facilitate foreign exchange fund settlement to support stable foreign trade [1] - The notice includes measures to expand the scope of high-level open pilot areas for cross-border trade [1] - It aims to optimize foreign exchange fund settlement for foreign trade comprehensive service enterprises [7] Group 1: Expansion of Pilot Areas - The notice supports regions with genuine needs and compliant operating entities to implement high-level open pilot projects for cross-border trade after fulfilling relevant reporting procedures [1] Group 2: Net Settlement Business Types - The pilot areas will allow qualified banks to handle net settlement for various types of transactions, including general trade between domestic and foreign affiliated enterprises, and related costs such as transportation and storage fees [2] Group 3: Simplification for Multinational Corporations - Qualified banks can simplify procedures for multinational corporations regarding centralized fund management and net settlement, provided they meet specific criteria [3] Group 4: Employee Salary Exchange Facilitation - Banks are allowed to directly handle foreign exchange for foreign employees' salaries based on provided documentation, exempting them from submitting additional documents within a specified limit [5] Group 5: Inclusion of New Trade Entities - The notice encourages banks to include compliant cross-border e-commerce platforms and foreign trade service enterprises in the facilitation policies [6] Group 6: Optimization for Foreign Trade Service Enterprises - Banks can process cross-border e-commerce settlements and related expenses based on electronic transaction information provided by foreign trade service enterprises [7] Group 7: Service Trade Expense Management - Banks can directly handle service-related expense advances for trade after verifying the authenticity and reasonableness of the transactions [8] Group 8: Overseas Fund Management for Engineering Enterprises - Engineering companies operating in multiple countries can establish centralized management accounts for overseas funds after registering with the local foreign exchange bureau [9][10] Group 9: Special Foreign Exchange Business Mechanism - Banks are required to establish a mechanism for handling special foreign exchange business and report to the local foreign exchange bureau for transactions with legitimate backgrounds [11]

Core Viewpoint - The State Administration of Foreign Exchange has decided to launch a pilot program for green foreign debt in 16 provinces and cities, encouraging non-financial enterprises to use cross-border financing for green or low-carbon transformation projects [1] Group 1: Pilot Program Details - The pilot program will be implemented in 16 provinces and cities, including Shanghai, Beijing, Tianjin, Hebei, Jiangsu, Zhejiang, Anhui, Fujian, Shandong, Hubei, Guangdong, Sichuan, Ningbo, Xiamen, Qingdao, and Shenzhen [1] - The policy specifically targets domestic non-financial enterprises that borrow both domestic and foreign currency from non-residents, with funds earmarked for projects that meet the criteria set by the People's Bank of China and other relevant departments [1] Group 2: Benefits of the Pilot Program - The pilot policy allows these projects to occupy a smaller portion of the enterprise's overall cross-border financing risk-weighted balance, thereby increasing the upper limit of cross-border financing scale for companies investing in green development or low-carbon transformation projects [1] - The registration of related foreign debts will be handled directly by banks, enhancing the convenience of processing green foreign debt business and facilitating the attraction of global financial resources to China's green and low-carbon development sectors [1]