2026-08-28
QFLP turns offshore capital into onshore RMB fund and equity investment, via a qualification approval and an FX supervision procedure. QFLP经资格审批与外汇资金监管程序，将境外资本兑换为人民币，投资境内基金与股权。Two tiers: a pilot fund management enterprise plus...
2026-08-28
The PBoC and SAFE issued the *Administrative Measures for Outbound Lending by Domestic Enterprises* (Yin Fa No. 63), effective 20 April 2026, unifying RMB and FX outbound lending...
2026-08-28
In 2026, SAFE branch offices in Guangdong, the China (Heilongjiang) Free Trade Zone and Chongqing moved external-debt signing (and change) registration for non-financial enterprises from the administration to banks,...
2026-08-28
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....
2026-08-28
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...
2026-08-28
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 No. 251), extending the integrated...
2026-08-28
From 1 September 2026, China begins a phased excise tax on certain battery products: mercury-free primary batteries, nickel-metal hydride batteries, lithium primary batteries, lithium-ion batteries and vanadium redox flow...
2026-08-28
A foreign-invested enterprise is generally taxed like a domestic one: a 25% corporate income tax (CIT) rate, with 15% for high-tech and 20% (on a reduced base) for small...
2026-08-28
Announcement No. 23 of 2026, jointly issued by the Ministry of Finance, the State Taxation Administration, the NDRC and the MIIT, lets IC and industrial-machine-tool enterprises defer income tax...
2026-08-28
Since 1 January 2023, a qualifying resident enterprise may deduct an extra 100% of its eligible R&D expenses on top of the actual amount — a "super-deduction" that has...