Enterprise qualification
Cross-border RMB settlement business
product description
Cross-border RMB settlement business, which is based on our customers request, and convenient for foreign exchange settlement.
Product Features
1. Reduce operating costs and avoid exchange rate risks. The use of RMB for international settlement can save the cost of foreign exchange purchases or foreign exchange settlement of domestic enterprises, enrich the selection of transnational funds, reduce the risk of mismatching funds and the exchange rate risk arising from the merger of different currency statements.
2. Simplify business procedures and facilitate foreign trade. Cross-border RMB settlement is not included in the foreign exchange write-off management. There is no need to provide foreign exchange verification forms when handling customs declaration and export tax refund (exemption). At the same time, RMB liabilities arising from cross-border RMB settlement are only registered as foreign debts and are not included in foreign debt management. . Enterprises can also deposit export RMB income overseas as needed, without prior approval.
3. Speed up the settlement and improve the efficiency of fund use. The exchange mechanism was reduced, the relevant procedures for capital flow were reduced, the settlement process was shortened, and the efficiency of capital use was improved.
4. Clear business accounting and convenient operation management. With RMB settlement, the business results of the company are more transparent, and the import cost and export income can be clearly fixed, which is conducive to the financial accounting of the enterprise.
Applicable customers
It is mainly applicable to enterprises and individuals engaged in export-oriented economic activities such as import and export trade, foreign investment, and service trade.
Tips
For customers who are applying for cross-border RMB settlement business for the first time, please contact our customer service to request a special RMB overseas collection account.
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