1. An overseas Chinese-funded and foreign-funded financial institution applying to establish a resident representative office in Beijing shall submit an application signed by its chairman or general manager to the governor of the People's Bank of China. The application shall be submitted to the People's Bank of China, and may also be forwarded by the corresponding financial institution in China.
2. Chinese-funded and foreign-funded financial institutions applying for the establishment of representative offices in other designated cities outside Beijing and permanent representative offices in special economic zones shall submit an application signed by their chairman or general manager to the People's Bank of China and report it to the Governor of the People's Bank of China. The application can be handed over to the People's Bank of China, or it can be entrusted to the provincial, municipal and autonomous branch of the People's Bank of China (hereinafter referred to as the local branch of the People's Bank) for forwarding.
Three, the applicant must submit the following documents and materials:
1. The Application Form for the Establishment of a Resident Representative Office in People's Republic of China (PRC) by Overseas Chinese-funded Financial Institutions, which was filled out by the applicant and issued by the People's Bank of China;
2. A copy of the legal business license or business registration certificate issued by the relevant authorities in the country or region where the applicant is located;
3. The articles of association of the applicant's comprehensive management institution, the list of the board of directors or similar institutions, and the profit and loss report of assets and liabilities in the latest year;
4. The letter of authorization of the chief representative of the resident representative office signed by the chairman or general manager of the applicant, and the resume of the chief representative and representative.
If the above documents and materials are not written in Chinese or English, they must be accompanied by a Chinese or English translation. If there are any changes in items 2 and 3, the applicant shall report the changes in writing to the People's Bank of China in time. Article 5 After the application of a foreign-funded financial institution with overseas Chinese capital to establish a resident representative office and its dispatched office in China is approved by the People's Bank of China, the applicant shall go through the registration and residence formalities with the local administrative department for industry and commerce and the public security department in accordance with the relevant provisions of People's Republic of China (PRC) and the state administrative department for industry and commerce and the public security department. Article 6 The resident representative offices and their dispatched offices of overseas Chinese-funded financial institutions approved to be established in China shall hold the registration certificate for opening an account in a local bank in China and abide by People's Republic of China (PRC)'s foreign exchange control regulations. Article 7 The term of validity of the resident representative offices and their dispatched offices established with the approval of the People's Bank of China is three years. If an extension is needed, the representative of the permanent representative office shall apply to the People's Bank of China for an extension of residence 30 days before the expiration of the period, which can be extended for another 3 years after being examined and approved by the People's Bank of China. There is no limit to the number of extensions. Article 8 The scope of work of the resident representative offices of overseas Chinese-funded financial institutions and their dispatched offices is to carry out indirect profit-making work such as work negotiation, liaison, consultation and service, and shall not engage in any direct profit-making business activities. Permanent representative offices established in special economic zones can only engage in the above-mentioned permitted non-profit activities within the scope of special economic zones. Article 9 The chief representatives and representatives of the resident representative offices of overseas Chinese-funded financial institutions and their dispatched offices shall be approved by the People's Bank of China before taking up their posts. The total number of chief representatives and deputy representatives shall not exceed 4 in Beijing, 3 in special economic zones and 2 in dispatched offices. If it is necessary to exceed the quantity specified in this article, it shall be reported to the People's Bank of China for further approval. Tenth recommended by the China foreign affairs service unit or other units designated by the China municipal government to hire China citizens in the local area, the number is not limited, without approval. However, the permanent representative office in Beijing must submit the list of China citizens in writing to the People's Bank of China for the record. The dispatched offices located outside Beijing and the permanent representative offices located in special economic zones shall submit the list of China citizens employed in writing to the local branches of the People's Bank of China for the record. Eleventh overseas Chinese financial institutions resident representative office in Beijing to change the name, chief representative, representative and office address; The agency shall change its name and replace its representative; If the permanent representative office of China Special Economic Zone needs to change its name or chief representative, it must be approved by the People's Bank of China in advance. The local branch of the People's Bank of China shall approve the relocation of the office address of the dispatched office. The permanent representative office in China Special Economic Zone shall be approved by the local branch of the People's Bank of China before it can change its representative and move its office address. Article 12 When the chief representative of a resident representative office needs to leave his post for more than one month, he shall designate a special person to act as his agent in advance and send the designated document to the People's Bank of China for the record.