China Release 丨 State Foreign Exchange Administration: Foreign -funded enterprises' profits remittance on my country's cross -border capital flow and foreign exchange supply and demand can be controlled

China Net, July 22nd News On July 22, the State Council's Press Office held a press conference on the situation of foreign exchange income and expenditure data in the first half of 2022. Wang Chunying, deputy director and spokesman of the State Administration of Foreign Exchange, said that in the second and third quarters of each year The peak season for foreign -funded enterprises' profit remittances, from the recent situation, this year's profit remittances of foreign enterprises have maintained a reasonable and orderly and generally stable development trend. The current foreign -funded enterprise profit remittance is matched with my country's absorption of direct investment in the stock, and the impact of profit remittances on my country's cross -border capital flow and foreign exchange supply and demand can be controlled.

Wang Chunying introduced that in recent years, China's business environment has been optimized. Foreign capital has long been optimistic about the Chinese market, investing in China in China, and sharing China's economic growth and reform and opening up dividends. Profit remittances have increased. From 2020 to 2021, the average annual increase in direct investment in my country by the enterprise departments increased by 14%, and the average annual growth rate of profit remittances was about 13%.

In addition, investment income is part of the regular account. In recent years, the funds under the trade, service trade, and investment income have been exported, and they have jointly maintained a surplus pattern of regular accounts and balanced accounts. At the same time, reasonable and orderly profits remittance did not affect the overall balance of supply and demand for the domestic foreign exchange market. Benefiting from the improvement of the internationalization level of the renminbi and the stability of the RMB value, the current proportion of foreign -funded enterprises with a proportion of foreign -funded enterprises is exported in the form of RMB, which has a small impact on the supply and demand of the domestic foreign exchange market.

"Profit remittance does not mean to withdraw money, but to form a virtuous circle with the inflow of foreign direct investment funds. Because China's good economic development prospects can bring international investors a relatively stable return, foreign businessmen will have long -term investment in China to invest in China for long -term investment. Continuously. In addition to the new investment capital and the inflow of shareholders' loans, many foreign -invested companies use a considerable part of their profits to invest in China. Compared with other major economies The proportion of re -investment is at a high level. "Wang Chunying emphasized that the State Administration of Foreign Exchange has always been consistent and continuous, and the profit of the real compliance of foreign -invested enterprises has policy guarantees.

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