The main contents of this Notice are as follows:

• Further narrowing of the negative list for the use of capital account settlement funds: Foreign exchange proceeds from non-financial enterprises' capital contributions and foreign loan, as well as RMB funds derived from the settlement thereof, may, on a genuine and compliant basis, be used for providing loans to non-affiliated enterprises.
• Optimization of the repatriation process for foreign exchange NRA accounts: In the event that funds remitted from an NRA account to the domestic market are returned due to objective reasons, and for the purpose of avoiding exchange losses, the settlement bank may temporarily hold such funds in an internal account. If the issue remains unresolved within 24 hours (holidays deferred), the bank shall repurchase the foreign currency and remit the funds back via the original route.
• Pilot area: China (Beijing) Pilot Free Trade Zone and the Daxing Airport Section (Beijing Area) of the China (Hebei) Pilot Free Trade Zone.