The People's Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE): Funds raised through foreign listings can be freely used for settlement in foreign currencies.

According to the Wise Finance APP, the People's Bank of China and the State Administration of Foreign Exchange recently released a draft consultation on the management of funds for domestic enterprises listed overseas. The draft proposes to unify the management policy of domestic and foreign currencies. Funds raised from overseas listings, share reductions or transfers can be repatriated in foreign currency or Chinese renminbi, and the related funds can be withdrawn or deposited through the capital account settlement account. If repatriated in renminbi, domestic enterprises can also use their renminbi bank settlement accounts. Dividends for domestic shareholders of H-share companies with "full circulation" can be distributed in renminbi domestically. Funds repatriated in foreign currency from overseas listings can be freely exchanged and used. The listing entity can choose the method of foreign exchange risk management independently, and can conduct spot transactions, such as buying and selling foreign exchange, and hedging transactions through banks or securities firms.