Cancellation of the foreign individuals' restriction on purchasing domestic properties? It is a misunderstanding, it is just an optimization of foreign exchange payment.

Recently, the State Administration of Foreign Exchange issued a notice on deepening reforms in cross-border investment and financing foreign exchange management. In terms of real estate policy, the first is to reduce the negative list of capital project foreign exchange income and its RMB settlement income for use in domestic payments, and the second is to facilitate the settlement and payment of overseas individuals buying property in China. Li Bin, Deputy Director of the State Administration of Foreign Exchange and spokesperson, emphasized that the facilitation of settlement and payment for overseas individuals buying property in China only optimizes the review procedures when banks handle fund settlement and payment, and does not change the current policies for overseas individuals buying property in China. The premise for enjoying policy convenience is that overseas individuals meet the housing registration department and local housing qualification conditions.