On 17 July 2026, SAFE announced at a SCIO briefing a package of policies to further facilitate cross-border investment and financing. 2026年7月17日，国家外汇管理局在国新办发布会上宣布一揽子进一步便利跨境投融资的政策。 For FIEs, SAFE will simplify capital-project FX settlement and payment procedures to support attracting and using foreign investment. … SAFE’s cross-border investment & financing convenience package (Jul 2026)Read more
资金跨境 / Capital & Cross-border
Cross-Border Service Payments
A single outbound service payment above USD 50,000 (excluding exactly USD 50,000) requires a tax record-filing (对外支付税务备案) before the bank releases the FX; below the threshold no filing is needed. 单笔对外服务付款等值超 5 万美元（不含 5 万美元）须在办理外汇前完成对外支付税务备案；低于阈值无需备案。 The Chinese payer is the … Cross-Border Service PaymentsRead more
Capital Injection & Verification
After the licence and bank account, the WFOE (through its bank) completes the FDI basic-information registration and opens a capital account in the WFOE’s name — the bank, not SAFE, handles FDI registration. 营业执照与银行账户齐备后，WFOE（经其银行）办理境内直接投资基本信息登记，并以 WFOE 名义开立资本金账户——FDI 登记由银行而非外汇局办理。 The foreign shareholder … Capital Injection & VerificationRead more
Multinational RMB-FX integrated cash pool goes national
China has rolled out the RMB-FX integrated cash pool for multinational corporations nationwide as of March 2026. 自2026年3月起，中国已将跨国公司本外币一体化资金池试点推广至全国。 The pool lets groups centrally manage onshore and offshore RMB and foreign-currency funds under a single quota-based filing regime. 该资金池允许集团在单一额度备案制下，集中管理境内外人民币及外币资金。 Policy benefits … Multinational RMB-FX integrated cash pool goes nationalRead more
Profit repatriation: the basics
Profit repatriation is a routine, lawful current-account transaction, freely permitted since 1996 current-account convertibility — not a capital-control event. 利润汇出是常规、合法的经常项目交易，自 1996 年经常项目可兑换以来自由允许，并非资本管制事件。 The profit must be genuinely after-tax: pay CIT first (standard rate 25%), make good prior-year losses and allocate … Profit repatriation: the basicsRead more
Multinational CNY-FX Cross-Border Cash Pooling Goes Nationwide: What Foreign-Invested Groups Need to Know
The PBoC and SAFE have extended the pilot policy for cross-border centralized operation of domestic and foreign-currency funds by multinational corporations to the entire country, effective 14 September 2026. 中国人民银行与国家外汇管理局已将跨国公司本外币跨境资金集中运营试点政策推广至全国，自 2026 年 9 月 14 日起施行。 A single “one-window” filing … Multinational CNY-FX Cross-Border Cash Pooling Goes Nationwide: What Foreign-Invested Groups Need to KnowRead more
Nationwide Rollout of RMB-FX Cross-Border Cash Pooling for Multinationals (2026)
China has extended its RMB-FX cross-border cash-pooling regime to the entire country, lowering the barrier for small and mid-sized multinational groups to centralise treasury operations. 中国已将本外币跨境资金集中运营业务推广至全国，降低了中小型跨国集团统筹资金管理的门槛。 The scheme lets a group consolidate member firms’ external-debt and outbound-lending quotas into one … Nationwide Rollout of RMB-FX Cross-Border Cash Pooling for Multinationals (2026)Read more
China’s Nationwide Pooling of Foreign-Invested Groups’ Cross-Border Funds (2026)
On 26 December 2025, the People’s Bank of China and SAFE issued the *Notice on Cross-Currency Cash Pooling for Multinational Companies* (Yin Fa [2025] No. 251), extending the integrated RMB/foreign-exchange pool nationwide. 2025年12月26日，中国人民银行、国家外汇管理局发布《关于跨国公司本外币一体化资金池业务有关事宜的通知》（银发〔2025〕251号），将本外币一体化资金池业务推广至全国。 The pool lets a multinational concentrate and … China’s Nationwide Pooling of Foreign-Invested Groups’ Cross-Border Funds (2026)Read more