China's 2026 Foreign Investment Action Plan: 15 Measures and a 10% Reinvestment Tax Credit for FIEs

中国2026外商投资行动方案推出15项措施及外企10%再投资税收抵免

What the 2026 Plan Delivers / 方案给出什么

On 16 June 2026, China's Ministry of Commerce and two other ministries jointly issued the Action Plan for Stabilising and Optimising the Utilisation of Foreign Investment, laying out 15 concrete measures across market access, facilitation, and regulatory reform.

2026年6月16日，中国商务部等三部委联合发布《利用外资固稳促优行动方案》，围绕市场准入、便利化和监管改革提出15项具体举措。这是继上一年度稳外资方案后的升级版，直接回应外资流入下行压力。

The Reinvestment Tax Break / 利润再投资的税收红利

The plan orders local authorities to fully implement the tax incentive for foreign investors who reinvest distributed profits directly in China — under the existing rule, qualifying reinvestment receives a 10% tax credit on the reinvested amount, deductible against corporate income tax.

方案明确要求各地落实境外投资者以分配利润直接投资的税收优惠：符合条件的再投资可按投资额的10%抵免企业所得税。同时，更多外资企业再投资项目将被纳入重大和重点外资项目清单，获得用地、用能、环评等要素保障。

| Item / 项目 | Before 2026 Plan / 方案前 | Under 2026 Plan / 方案后 |

|---|---|---|

| Profit reinvestment tax credit / 利润再投资抵免 | Policy existed, uneven local rollout / 政策存在但地方执行不一 | Mandatory full implementation / 强制全面落实 |

| Major project list / 重大项目清单 | Limited to new large projects / 侧重新增大项目 | Expanded to FIE reinvestment projects / 扩至外资再投资项目 |

| Service coverage / 服务保障范围 | Key projects only / 仅重点项目 | Broadened to more FIEs / 拓宽至更多外资企业 |

Who Benefits Most / 谁受益最大

Existing FIEs with accumulated undistributed profits gain the most — reinvesting RMB 10 million of profits yields up to RMB 1 million in tax credits, provided the funds go into encouraged sectors and are held for the required period.

已在中国有累计未分配利润的外资企业受益最大：将1000万元人民币利润直接再投资，最高可获100万元税收抵免，前提是投向鼓励类产业并满足持有期限要求。新进入者则应盯紧市场准入负面清单的进一步缩减。

What Companies Should Do / 企业该做什么

- Existing FIEs: Audit your undistributed profit balance this quarter and map which group entities qualify for the 10% credit.

- 存量外资企业：本季度内盘点未分配利润规模，确认再投资主体是否符合10%抵免条件。

- Companies planning expansion: Apply for inclusion in the major foreign investment project list before committing capital — it unlocks land and energy approvals.

- 计划扩产的企业：出资前先申请纳入重点外资项目清单，用地用能审批更快。

- New entrants: Check the updated negative list; manufacturing access is already fully open, and services sectors continue to widen in 2026.

- 新进入者：核对最新负面清单，制造业已全面放开，服务业2026年继续扩围。

First Three Steps / 对企业出海的意义

第一步，让财务团队测算利润再投资的10%抵免额度，对比分红汇回与再投资的税后收益差；第二步，向省级商务部门提交重点项目清单申请，锁定要素保障；第三步，在2026年底前完成投资备案，避免地方执行细则变动带来的不确定性。清单和抵免都需要企业主动申报，不会自动到账。