On August 17, Yantai Central Sub-branch of China People's Bank and Yantai Development Zone Management Committee jointly held the "Pilot Reform of Facilitating the Settlement and Payment of Income from Capital Projects"? Promote the signing ceremony of the strategic cooperation agreement on financial innovation and development, and start the pilot work of facilitating the payment of foreign exchange settlement of capital account income in Yantai Development Zone approved by the State Administration of Foreign Exchange.

According to reports, the foreign exchange income of capital account refers to the real and legal foreign exchange income obtained by pilot enterprises under capital account, including foreign exchange capital of foreign-invested enterprises, foreign debt funds of domestic enterprises and funds repatriated from overseas listing of domestic enterprises.

The core content of the pilot project is that the pilot enterprises in Yantai Development Zone can use the foreign exchange settlement in the company account without providing tax invoices and other supporting materials to the banks in advance when handling the domestic payment of RMB funds for capital account income settlement.

After the implementation of the pilot project, the local business environment will be further optimized, and it will become a major policy advantage of Yantai Experimental Zone for Conversion of Old and New Kinetic Energy, the construction of China-Korea Industrial Park and "double recruitment and double introduction".