If a foreign-invested enterprise reinvests its RMB profits in China, the invested enterprise shall first go through the formalities of foreign exchange registration or change, and then the enterprise to be reinvested shall go through the relevant reinvestment examination and approval. The application materials are as follows:

1. Written application submitted by domestic foreign-invested enterprises (hereinafter referred to as "profit-producing enterprises", including investment companies) that generate profits;

2. IC card for foreign exchange registration of profit-making enterprises;

3. The profit distribution resolution of the board of directors of the profit-making enterprise and the confirmation letter of profit reinvestment of foreign investors;

4. The annual financial audit report of the profit-making enterprise in the latest year (with the corresponding audit report on foreign exchange receipts and payments);

5. Proof of payment or exemption of enterprise income tax related to reinvestment (capital increase) profits;

6. Approval document of the competent department of commerce (or industry) of the enterprise to be reinvested (capital increase);

The latest capital verification report of the profit-making enterprise;

8. Supplementary explanatory materials that should be provided for the aforementioned materials.

In another case, foreign investors reinvest or increase capital in China with the property they have invested in foreign-invested enterprises, such as investment recovery, liquidation (including mergers and acquisitions), equity transfer, capital reduction, etc. I wonder if this is the case. In this case, the submitted materials are different:

1, a written application submitted by the income-generating enterprise;

2. Original IC card for foreign exchange registration of foreign-invested enterprises;

3. Resolutions of the board of directors of the original enterprise on matters such as early recovery of investment, liquidation, equity transfer, capital reduction or merger and division, and related property disposal and distribution plans or agreements;

4. Confirmation that the foreign investor will reinvest the acquired property;

5. The approval document of the competent department of commerce (or industry) on the transaction between the original enterprise and the property acquired by foreign investors;

6. The latest capital verification report and the latest financial audit report of the original enterprise (with the corresponding audit report of foreign exchange income and expenditure statements);

7. If the investment is recovered in advance, the original enterprise cooperation contract, approval from the financial department, letter of guarantee and other materials shall be submitted;

8. Where liquidation is involved, submit the liquidation (audit) report of the enterprise and the certificate of cancellation of tax registration;

9. In case of equity transfer, the share transfer agreement and the relevant tax payment or tax exemption certificate of the income due to the beneficiary after the share transfer shall be submitted;

10. In case of capital reduction, submit the business license of the original enterprise after the capital reduction;

1 1. Supplementary explanatory materials that should be provided for the above materials.