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Can individuals pay RMB abroad when purchasing equity transfer?
Individuals who purchase equity transfer can pay RMB abroad.

Domestic individuals shall go through the formalities for the change of registration of a special purpose company at the bank where the special purpose company is registered. Equity transfer funds between domestic institutions shall be paid in RMB. For the purpose of investment and financing, domestic residents can directly establish or indirectly control special purpose companies abroad with their legally held domestic enterprise assets or rights and interests or their legally held overseas assets or rights and interests. In addition, individual domestic residents cannot make overseas direct investment.

Individual domestic residents can use the assets or rights of domestic enterprises to contribute to special purpose companies. At the same time, according to the provisions of document 13, domestic residents can go directly to the bank where the assets or rights of domestic enterprises are registered to go through the registration procedures of special purpose companies. However, before the registration, in addition to paying the registration fee (including overseas payment) of the special purpose company, if domestic residents have other contributions (including overseas contributions) to the special purpose company, they shall go through the supplementary registration procedures with the foreign exchange bureau in accordance with the foreign exchange supplementary registration procedures of the special purpose company.