According to the regulations, the opening of the special foreign exchange account for realizing assets and the entry of funds shall be approved by the local foreign exchange bureau in accordance with the relevant regulations, and the bank shall handle the corresponding business with the approval documents of the foreign exchange bureau. The account shall be opened in the name of the domestic equity transferor. For an equity transfer transaction (installment payment of equity transfer funds is not considered as multiple transactions), the equity transferor can only open one domestic asset realization account; Allow accounts to be opened in different places.
The income range of this account includes: the consideration of equity transfer remitted by overseas investors (including the contribution of non-resident deposit accounts of offshore account and overseas individuals and domestic foreign exchange accounts); The consideration for the transfer of equity by foreign investors through the special account for overseas inward deposit; Funds originally transferred from this account to domestic special deposit account, entrusted loan account, special account for centralized management of funds, special account for overseas lending and special account for financial management of capital preservation bank; And other income registered or approved by the foreign exchange bureau (bank).
The expenditure scope of this course includes: settlement and use of foreign exchange within the business scope according to regulations; According to the regulations, domestic original currency transfer (transfer to domestic special deposit account, entrusted loan account, special account for centralized fund management, special account for overseas lending, special account for financial management of capital preservation bank, special account for domestic reinvestment) and current account external expenditure after authenticity audit; As well as capital account expenditures registered by the foreign exchange bureau (bank) or approved by the foreign exchange bureau.
Management of asset realization account
For the asset realization account, the bank shall check the fair inflow amount in the equity transfer inflow control information table to handle the entry procedures. The handling agency will declare revenue and expenditure according to the source of funds (overseas remittance or domestic transfer) and different nature. For the received funds transferred in domestic original currency, the bank will check with the account-opening unit whether the source and use of the funds are in line with the income range of the account, and will remit the funds that are not in line with the income range.
If the actual inflow exceeds the acceptable inflow due to special reasons such as exchange rate differences, the accumulated excess shall not exceed the equivalent of USD 30,000 in principle. The funds in the asset realization account shall not be deposited in cash. The funds in the account shall be settled, transferred or paid externally within the business scope as required. If so, the current account expenditure should be handled according to the principle of authenticity audit of current account; Expenditure on capital projects must be registered with or approved by the foreign exchange bureau (bank). The bank will submit relevant information through the capital account information system of the foreign exchange bureau in time after the business is completed.
When an enterprise applies to open an asset realization account or enter it into an account, it shall provide the industrial and commercial registration certificate printed at the bank end of the capital account information system of the foreign exchange bureau and the information table for controlling the inflow of equity transfer. If an enterprise needs to cancel its account due to normal operation, it may apply to the bank for cancellation.