Further Facilitating Cross-border Investment And Financing Of Investment Enterprises In Hengqin Macao
In order to further facilitate cross-border investment and financing of Hengqin Macao investment enterprises (hereinafter referred to as Australian enterprises), on the 20th anniversary of the return of Macao, the State Administration of foreign exchange has issued relevant policies and measures.
Mainly including: first, carry out the foreign debt registration and management reform pilot. Hengqin Australian enterprises can register their foreign debts at the local foreign exchange bureau according to twice of their net assets, and directly handle the procedures of capital transfer in and out, settlement and purchase of foreign exchange in the bank. Second, adjust the mode of borrowing flexibly. It is allowed for Hengqin Australian enterprises to flexibly adjust the borrowing mode according to their needs. For example, if it is still a "poor bet" mode, it can be adjusted to a macro Prudential mode. Third, we will further relax the currency restrictions on foreign debts. It is allowed that the foreign debt signing currency of Hengqin Australian enterprises is different from the withdrawal currency and repayment currency. Fourth, pilot the transfer of domestic credit assets to foreign countries. We will expand the scope of subjects and channels of transfer of domestic credit assets to foreign countries. Fifth, to facilitate the use of capital project income of Hengqin Australian enterprises. When the capital project income of Hengqin Australian funded enterprises is used for domestic payment, there is no need to provide the bank with the authenticity certification materials one by one in advance. Sixthly, further simplify the relevant business processing. Hengqin Australian enterprises may combine the payment order letter and domestic remittance application when handling the business under capital.
Next, the State Administration of foreign exchange will actively promote the implementation of preferential policies for Macao and support the economic, trade, investment and financing development of Macao. (end)
