In order to implement the central government ’s requirements for the overall planning and promotion of the prevention and control of the new coronary pneumonia epidemic and economic and social development, the State Administration of Foreign Exchange issued the “Notice of the State Administration of Foreign Exchange on Optimizing Foreign Exchange Management to Support Foreign-related Business Development” (Huifa [2020] No. 8, hereinafter referred to as “Notice”), simplify the foreign exchange business process, optimize foreign exchange business services, improve the convenience of cross-border trade and investment, actively support the resumption of production and production, and promote the high-quality development of foreign-related economies.

The “Notice” makes it clear that the reform of capital project income payment facilitation will be promoted nationwide.

Specifically, on the premise of ensuring the true use of funds and compliance with current capital project income use management regulations, allow qualified enterprises to transfer capital , Foreign debt, and overseas listings and other capital project income are used for domestic payments, there is no need to provide the bank with proof of authenticity one by one beforehand . The handling bank shall follow the principle of prudent business development to control related business risks, and conduct post-sampling random inspections on the convenience of capital project income payment facilitation business in accordance with relevant requirements. The local foreign exchange bureau should strengthen monitoring and analysis and supervision after the event.

According to the current foreign exchange management regulations, when enterprises pay for the use of capital project income (mainly capital, foreign debt, overseas listing income), they should pay to the bank one by one when paying Submit authenticity verification materials for transaction authenticity compliance review. Since 2017, the Foreign Exchange Bureau has gradually launched a pilot project to facilitate the payment of income from capital projects. In October last year, the Foreign Exchange Bureau will further expand the pilot project to facilitate the payment of income from capital projects to the six new free trade pilot areas established in 2019 and Shanghai ’s jurisdiction. .

At the same time, the Notice canceled the registration of special remittance business.

The foreign trade income and expenditure enterprise list of goods trade is classified as Class A enterprise. The date and time for a single remittance equivalent to less than 50,000 US dollars (inclusive) For businesses that have an original receipt and payment date interval of more than 180 days (not included) or cannot be repatriated on the same route due to special circumstances, there is no need to go to the foreign exchange bureau to go through the registration formalities, and they can go directly to a financial institution. Financial institutions should mark “special remittances” in the postscript of foreign-related income and expenditure declaration transactions when they handle the above-mentioned remittance-free business for enterprises.


The “Notice” also simplifies the registration management of certain capital projects, and deregisters eligible domestic insurance and foreign loans and cancellation of overseas loans to banks for processing.

According to the specific collection, if the responsibility for non-financial enterprises ’internal guarantee and external loans has been lifted and the performance of internal guarantee and external loans has not been fulfilled, they can go directly to the bank within the jurisdiction of their branch (Foreign Exchange Management Department) Register for cancellation of internal guarantee and external loan. Non-financial enterprises that have expired the overseas lending period and normally recovered the principal and interest of the overseas lending can go directly to the bank within the jurisdiction of their sub-bureau (Foreign Exchange Management Department) to directly register the cancellation of the overseas lending.


The “Notice” relaxes the repayment of foreign exchange loans for domestic foreign exchange loans with export background.

Specifically, if domestic foreign exchange loans such as export bills enter the current account foreign exchange settlement account and handle foreign exchange settlement according to regulations, in principle, enterprises should use their own Repayment of foreign exchange or foreign exchange receipts of goods traded. When an enterprise ’s export cannot truly collect foreign exchange on time and no other foreign exchange funds are available for repayment of the above-mentioned domestic foreign exchange loan, the loan bank can handle the repayment procedures for the foreign exchange purchase of the enterprise in accordance with the principle of prudent business development, and submit it to the local foreign exchange bureau within the first 5 working days Report the relevant situation.

In terms of facilitating the use of electronic documents in foreign exchange business, if the bank handles the foreign exchange receipts and payments of goods trade by reviewing electronic documents in accordance with regulations, the classification of the enterprise as Class A shall be cancelled and established Conditions for 2 years. Banks who handle foreign exchange receipts and payments for service trade, primary income, and secondary income in accordance with regulations in the form of reviewing electronic documents may not print electronic transaction documents. Banks do not need to print the “settlement / purchase notice” when handling personal foreign exchange settlement and sale business. The bank shall ensure the authenticity, compliance and uniqueness of the electronic documents for the above-mentioned business, and keep the electronic documents or electronic information for 5 years for future reference.


The “Notice” also optimizes the bank’s cross-border e-commerce foreign exchange settlement, and provides foreign exchange settlement and sales and related fund collection and payment for cross-border e-commerce market entities based on transaction electronic information under the conditions of transaction information collection and authenticity review. service.


“Notice” relaxes the business review and endorsement procedures. Financial institutions can independently decide whether to sign the amount and date of receipt and payment of foreign exchange on the original document and affix business on the basis of the internal control requirements and actual business needs, and in accordance with the principle of substantive compliance when reviewing foreign exchange receipts and expenditures in accordance with regulations Seal, but need to keep the audit materials for reference in accordance with current regulations.

The foreign exchange bureau also supports innovative financial services for banks.

Specifically, foreign exchangeThe bureau encourages banks to scientifically assess corporate credit status in a variety of ways, to classify companies that are difficult to receive and pay for foreign-related payments due to objectively uncontrollable factors, and to give small and medium-sized foreign-funded companies with good development prospects loan extensions and simplified procedures for foreign exchange loans. Support banks to use information such as corporate credit and exchange rates open to digital foreign management platforms to carry out compliant operations and business innovation, and provide financial services to small, medium, and micro-sized foreign-related companies.