Customers remit money from overseas to our company to open an account in CCB, but because the name and remarks of the remitter are limited to 60 characters, our company name is too long to enter the account? No, just open a foreign exchange settlement account for trading.

According to Article 29 of the Measures for the Administration of Personal Foreign Exchange, an individual may open a foreign exchange settlement account after going through industrial and commercial registration or other practice procedures. Domestic individuals engaged in foreign exchange trading and other transactions shall be handled through domestic financial institutions that have obtained corresponding business qualifications according to law.

Foreign individuals who invest directly in China may open special foreign exchange accounts for foreign investors with the approval of the foreign exchange bureau. The funds in the account can be settled with the approval of the foreign exchange bureau. After the direct investment project is approved by the competent department of the state, overseas individuals may transfer the foreign exchange funds in the special foreign exchange account of foreign investors to the capital account of foreign-invested enterprises.

Extended data:

The relevant requirements for personal foreign exchange stipulate that:

1. Individuals can purchase foreign exchange or withdraw money from foreign exchange savings accounts, and the amount of foreign currency cash allowed to be taken out of the country according to relevant regulations can be handled directly at the bank; If the single or accumulated withdrawal exceeds the above amount on the same day, it shall be reported to the local foreign exchange bureau in advance with my valid identity certificate, proof of withdrawal purpose and other materials.

2. Personal foreign currency cash is deposited in a foreign exchange savings account, and if the amount of foreign currency cash allowed to enter the country is less than the amount declared in relevant regulations, it can be directly handled at the bank; If a single deposit or accumulated deposit on the same day exceeds the above amount, it shall be handled in the bank with my valid identity certificate, the entry declaration form for bringing foreign currency cash or the foreign currency cash withdrawal certificate of my original deposit financial institution.

State Administration of Foreign Exchange-Measures for the Administration of Individual Foreign Exchange