How to manage the RMB funds obtained from the willingness settlement of foreign exchange capital of foreign-invested enterprises? | investinchina.chinaservicesinfo.com
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How to manage the RMB funds obtained from the willingness settlement of foreign exchange capital of foreign-invested enterprises?

Updated: 2018-09-20

According to the Notice of the State Administration of Foreign Exchange on Reforming the Mode of Management of Settlement of Foreign Exchange Capital of Foreign-Funded Enterprises ([2015] No 19, SAFE), the RMB funds obtained from the willingness settlement of foreign exchange capital of foreign-invested enterprises shall be included in the capital account for settled foreign exchange to be paid for management. A foreign-invested enterprise shall, in principle, open at a bank a one-to-one account for settled foreign exchange to be paid to deposit the RMB funds obtained from the willingness settlement of foreign exchange capital, and handle various kinds of payment formalities.