The unified domestic enterprise's foreign-listed overseas capital management policy will be implemented on April 1st.

Starting from April 1st, the "Notice on Issues Related to the Management of Funds for Domestic Enterprises Listed Overseas" jointly issued by the People's Bank of China and the State Administration of Foreign Exchange officially came into effect, optimizing the management of funds related to domestic enterprises listed overseas and further enhancing the convenience of cross-border financing. The new regulations unify the requirements for the management of domestic and foreign currency funds. Funds raised from overseas listings, reduction or transfer of shares, etc., can be repatriated in foreign currency or RMB, making it more convenient to use. As for the popular concern of "full circulation" of H-shares, dividends from domestic shareholders can now be distributed in RMB within China, making the process smoother. The new regulations have made clear and simplified provisions for listing registration, shareholding changes, repurchases, delistings, fund exchanges, account usage, etc., making business operations more efficient and better supporting enterprises' overseas expansion and the development of the real economy.