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

2026-10-23

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.