The unified domestic and foreign currency policies for overseas listing fund management by domestic enterprises will be implemented on April 1.

Starting April 1st, the “Notice on Issues Related to the Management of Funds for Domestic Enterprises’ Overseas Listings” jointly issued by the People’s Bank of China and the State Administration of Foreign Exchange officially comes into effect, optimizing the management of funds related to domestic enterprises’ overseas listings and further improving cross-border financing convenience. The new regulation standardizes the management requirements for both domestic and foreign currency funds. Funds raised from overseas listings, share reductions, or transfers can be remitted back in foreign currency or RMB, making usage more convenient. Regarding the widely concerned H-share “full circulation,” dividends paid to domestic shareholders by listed entities can be distributed in RMB within the country, making the process smoother. The new regulation clearly simplifies procedures related to listing registration, share increases and reductions, buybacks, delistings, fund exchange, and account usage, making enterprise handling more efficient and better supporting enterprises’ “going global” strategies and the development of the real economy. (CCTV News)