國家外匯管理局關於進一步改進和調整直接投資外匯管理政策的通知

The new forex notice means reducing a lot of procedures in obtaining applications on using foreign currency capital which you can read in details.  

A good tool for fund repatriation is lending overseas by Foreign Investment Enterprises – which is possible now (see the cap below).  What are the advantages? 

(1) if you have another business partner who disagrees dividend repatriation, the new rules can help you getting fund out from China; 

(2) for property developers which have not yet settled their LAT; 

(3) you don’t have short-term usage of your funds in China but need it for future, as such dividend distribution out from China means taxation cost.  Lending means the funds can move back to China in future.

http://www.safe.gov.cn/resources/wcmpages//wps/wcm/connect/safe_web_store/safe_web/zcfg/zbxmwhgl/zjtzwhgl/node_zcfg_zbxm_kjtz_store/2eab2d004d86fae7a24ea6fd3fd7c3dc/

八、進一步放寬境外放款​​管理

（一）擴大境外放款資金來源，允許境內主體以國內外匯貸款對外放款。

（二）放寬境外放款​​條件限制，允許外商投資企業向其境外母公司放款，放款額度不得超過該外國投資者已分配未匯出利潤以及按比例享有的未分配利潤之和。

發佈機構: 國家外匯管理局

發佈日期: 2012/11/21

名稱: 國家外匯管理局關於進一步改進和調整直接投資外匯管理政策的通知

文號: 匯發[2012]59號