China Eases Cross-Border Financing Rules to Lure Foreign Capital

China’s foreign exchange regulator has unveiled measures to streamline the country’s cross-border investment and financing rules in the latest push to deepen market reform and attract overseas capital.

Restrictions on companies using foreign exchange income under capital accounts for purchasing non-self-use residential property have been lifted, according a statement from the State Administration of Foreign Exchange late Monday. The regulator also eased rules on using foreign exchange for property purchases nationwide, allowing overseas individuals to settle payments earlier.