China is set to roll out a new package of measures to further facilitate cross-border investment and financing, the State Administration of Foreign Exchange said on Friday.
The measures will focus on further facilitating direct investment, advancing high-standard opening-up in cross-border financing and streamlining registration procedures for capital-account transactions, said Xiao Sheng, head of SAFE's Capital Account Management Department, at a news conference in Beijing.
"We will further simplify foreign exchange settlement and payment procedures under the capital account to stabilize and enhance foreign investment," Xiao said.
"For Chinese companies going global, we will steadily streamline reviews of outbound fund remittances."
SAFE will also broaden the scope of entities eligible for cross-border financing facilitation policies and roll out the green foreign debt pilot program nationwide, Xiao said.
