China releases rules for management of funds related to domestic firms' overseas listings

China's financial authorities have released regulations to optimize fund management requirements for domestic companies listed overseas.

The regulations, effective from April 1, 2026, were jointly released by the People's Bank of China and the State Administration of Foreign Exchange to further improve the convenience of cross-border financing.

The new regulations align the management standards for funds in both domestic and foreign currencies. Proceeds from overseas listings, share reductions or transfers can be repatriated in either foreign currency or Chinese currency renminbi, simplifying their utilization.

Regarding the full circulation of H-shares, the new regulations allow listed companies to pay dividends to domestic shareholders in renminbi in China, streamlining the distribution process.

Regulated by Chinese law, H-shares are shares of enterprises incorporated in the Chinese mainland that are listed on the HKEX.

The new regulations also simplify procedures for listing registrations, share increases and decreases, buybacks, delistings, fund transfers and account usage, improving operational efficiency for businesses and better supporting their overseas expansion and the growth of the real economy.

The U.S. dollar weakened in late trading on Tuesday.

The dollar index, which measures the greenback against six major peers, dropped 0.54 percent to 99.965 at 1900 GMT.

In late New York trading, the euro increased to 1.1523 dollars from 1.1457 dollars in the previous session, and the British pound was up to 1.3189 dollars from 1.3186 dollars in the previous session.

The U.S. dollar bought 158.95 Japanese yen, lower than 159.58 Japanese yen in the previous session. The U.S. dollar advanced to 0.8008 Swiss francs from 0.8 Swiss francs, and it added to 1.3937 Canadian dollars from 1.3926 Canadian dollars. The U.S. dollar was down to 9.4895 Swedish Kronor from 9.5556 Swedish Kronor.