Guangdong approves the second qualified foreign limited partner forex management pilot, expanding to the Hengqin Greater Bay Area and Macau deep cooperation zone.

The implementation details of the pilot business of qualified overseas limited partners' foreign exchange management in the Hengqin Guangdong-Hong Kong-Macao Deep Cooperation Zone have been officially released. Hengqin Guangdong-Hong Kong-Macao Deep Cooperation Zone has become the second area under the jurisdiction of the Guangdong Branch of the State Administration of Foreign Exchange to be approved to carry out the QFLP foreign exchange management pilot after the Guangzhou Nansha Free Trade Zone. With the core goal of facilitating cross-border investment and financing, a number of practical facilitation measures have been introduced: implementing a balance management model, allowing pilot fund management companies to freely remit principal within the registered scale; simplifying foreign exchange registration, establishing a new foreign exchange management model with fund management companies as the main body; greatly simplifying the documentation required for handling cross-border fund exchange procedures.