China’s State Administration of Foreign Exchange published a consultation draft
to further ease cross-border investment and financing. Measures include
permitting direct conversion of capital‑account receipts into yuan for payments
to improve foreign investor efficiency; easing outbound direct investment
standby-fund remittances and simplifying procedures for small overseas operations
expenses; streamlining documentation for outbound direct‑investment capital
remittances to avoid duplicate submissions; and optimizing review of outbound
direct‑investment remittances to ensure efficient, convenient use of firms’
operating funds.