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China Bank Accounting Opening - Transit Account

Update Date:2018-6-29 16:54:34     Source:www.3737580.com     Views:831

China Bank Account Opening Service
Hotline: 86-755-82143348 Email: anitayao@citilinkia.com

What is the Transaction scope of the Transit Account

The account is to receive corporate foreign currency export proceeds (including export advance payment and trade financing proceeds) only. Outward payments from the account should only be processed after verification through SAFE's online system (eg transfer to current account, foreign currency to RMB conversion) or upon receiving SAFE approvals (eg refund).

 


What documentation do I need to submit to open an Export Proceeds Transit Account
You must have your basic information registered in the SAFE account management information system for Transit Accounts to be opened. This is a standard SAFE requirement for foreign currency settlement account opening.


China Bank Accounting Opening - Transit Account

 

Contact Us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82143422, 86-755-82143512, or emailing to anitayao@citilinkia.com. 

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