Cross-border remittance of personal foreign currency by China Bank to overseas companies has no special restrictions on overseas companies as recipients.

Tips:

1. If the nature of remittance involves funds, it needs the approval of SAFE. For example, if the payee is an overseas securities company, the money cannot be remitted.

2. If the nature of remittance involves the nature of trade in goods, it shall be handled through the trade settlement account approved by the foreign exchange bureau.

(Answer time: August 2023 15)

The above contents are for your reference. Please refer to the actual business regulations.

You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GOAPP to handle related business.