First of all, after the declaration of foreign-related income, the money will now enter your company's pending account in Bank of China.

Second, register the advance payment on the online service platform of the State Administration of Foreign Exchange (this step can also be done when signing the contract).

Third, after registration, SAFE will give you a withdrawal amount. After the bank receives this quota, you can transfer the money to the "current account foreign exchange account" or transfer the foreign exchange settlement to the RMB account.

Fourth, transfer from BOC to other banks.