State Administration of Foreign Exchange: Cancel basic information registration of pre-investment expenses for domestic direct investment.

The State Administration of Foreign Exchange issued a notice, deciding to deepen the reform of cross-border investment and financing foreign exchange management, further improve the convenience of cross-border investment and financing. Specific measures include cancelling the basic information registration of domestic direct investment preliminary expenses, cancelling the registration of domestic reinvestment of foreign-invested enterprises, allowing foreign-invested enterprises to reinvest foreign exchange profits domestically, and facilitating domestic non-enterprise research institutions to receive foreign funds. In addition, the facilitation of cross-border financing has been expanded, and the registration and management requirements for facilitating cross-border financing have been simplified.