The purpose and convenience of this account are:

1. Freedom of fund transfer: the customer's offshore account is equivalent to an account opened in an overseas bank, and funds can be transferred freely from offshore account. It is rarely subject to foreign exchange control in the mainland, and foreign exchange is free to enter and exit. Personal foreign currency accounts can withdraw funds, which is very convenient for international trade settlement such as letter of credit transfer and telegraphic transfer collection. In addition, the operation of bank online banking is very convenient.

2. The deposit interest rate and variety are not restricted: the deposit interest rate and variety are not restricted by domestic supervision, which is more favorable than the similar deposit interest rate of overseas banks and has flexible access. In particular, large deposits can be customized according to customer needs in terms of interest rate and term, which is flexible and convenient. 3. Exemption from deposit interest tax: The China government is exempt from deposit interest tax on the interest earned from offshore deposits. The actual net income of offshore deposits is even more impressive.

4. Improve the comprehensive operation efficiency of domestic and foreign funds: We can make full use of the full-service characteristics of banks that can provide onshore business and have the functions of overseas banks, reduce the comprehensive cost of funds, speed up the turnover of domestic and foreign funds, and improve the efficiency of fund use.

5. Domestic control and overseas operation.

Note: This account cannot be used for fund transactions in local accounts in Hong Kong.