The 2026 “Stabilizing Foreign Investment” plan lets more foreign institutions use risk-management tools including Treasury futures. 2026年”固稳促优”方案支持更多外资机构运用包括国债期货在内的风险管理工具。 Foreign institutions are allowed to conduct fund investment-advisory business under the law. 外资机构可依法开展基金投资顾问业务。 Key FIEs receive cross-border financing convenience quotas to ease external … Financial sector opening measures for foreign institutionsRead more
cross-border finance
Financial services & fintech licensing
China removed the foreign-ownership caps on securities firms, fund managers, futures companies, and life insurers in 2020, putting foreign banks and insurers on broadly the same footing as domestic institutions. 中国于2020年取消证券公司、基金管理人、期货公司与寿险公司的外资股比限制，使外资银行与保险公司大体上与内资机构同等待遇。 The four key regulators are the PBOC (central bank/payments/AML), … Financial services & fintech licensingRead more
SAFE’s cross-border investment & financing convenience package (Jul 2026)
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
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
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
Comprehensive Bonded Zones’ Capacity-Building and Quality Upgrade (2026): A Practical Guide for Foreign-Invested Enterprises
In April 2026, the State Council General Office forwarded the General Administration of Customs’ “Measures to Promote the Capacity-Building and Quality Upgrade of Comprehensive Bonded Zones” (Guoban Han [2026] No. 40), a 24-point package reshaping how foreign-invested enterprises can use … Comprehensive Bonded Zones’ Capacity-Building and Quality Upgrade (2026): A Practical Guide for Foreign-Invested EnterprisesRead more
Foreign-Invested Insurance and Reinsurance Market Access in China
China has abolished foreign equity-ratio caps in life insurance, insurance asset management and related sub-sectors, and applies pre-establishment national treatment plus a negative list to foreign-invested insurers. 中国已取消人身险、保险资管等子行业的外资持股比例限制，并对在华外资保险机构全面实施准入前国民待遇加负面清单管理。 The 2026 “Several Measures to Accelerate the Building of the Shanghai International … Foreign-Invested Insurance and Reinsurance Market Access in ChinaRead more
Shanghai’s 2026 Offshore Finance Action Plan: Pudong Licensing and Business Openings for Foreign Financial Institutions
The Action Plan for the Development of Offshore Finance in the Shanghai International Financial Centre was signed on 11 June 2026 by six authorities and formally released at the Lujiazui Forum on 17 June 2026. 《上海国际金融中心发展离岸金融行动方案》由六部门于2026年6月11日联合落款，并于2026年6月17日在陆家嘴论坛正式发布，随后联合印发。 The plan does not … Shanghai’s 2026 Offshore Finance Action Plan: Pudong Licensing and Business Openings for Foreign Financial InstitutionsRead more
Foreign Banks Entering China: Licensing Pathways for Representative Offices, Branches, and Wholly Foreign-Owned Banks
A foreign bank may enter China through three licensed routes: a representative office, a foreign bank branch, or a wholly foreign-owned bank (legal-person bank).外资银行可通过三条持牌路径进入中国：代表处、外国银行分行，或外商独资银行（法人银行）。 A representative office is a non-operating liaison post and cannot take deposits or make loans; it … Foreign Banks Entering China: Licensing Pathways for Representative Offices, Branches, and Wholly Foreign-Owned BanksRead more