Offshore account is actually an offshore bank, which is a financial activity serving non-residents. Banks absorb non-residents' funds. Our customers are overseas natural persons, legal persons (including overseas investment enterprises in China), government agencies, international organizations and other economic organizations, including overseas branches of Chinese-funded financial institutions. The operating currency of offshore banks is limited to freely convertible currencies.

Non-resident funds remitted to offshore account, funds remitted from offshore account to offshore account and funds between offshore account can be freely allocated and transferred. Offshore account, a customer with free transfer of funds, is equivalent to an account opened in an overseas bank. He can freely transfer funds from offshore account without domestic foreign exchange control. The deposit interest rate and variety are not restricted, and the deposit interest rate and variety are not restricted by domestic supervision, which is more favorable and flexible than similar deposit interest rates of overseas banks. In particular, large deposits can be customized according to customer needs in terms of interest rate and term, which is flexible and convenient. 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. Improving the comprehensive operation efficiency of domestic and foreign funds can make full use of the full-service characteristics of Hong Kong banks, which can provide both onshore business and overseas banking functions, reduce the comprehensive cost of funds, speed up the turnover of domestic and foreign funds and improve the efficiency of fund use. For domestic control and overseas operations, online banking or telephone financing can be used to facilitate daily operations.

Offshore account: The account opened by the bank for non-residents became offshore account. Non-residents include natural persons and legal persons. Offshore bank refers to the banking business carried out by banks for non-residents. If a legal person or natural person is a resident, you cannot use an offshore bank. Characteristics of offshore account:

(1) is not subject to local foreign exchange control;

(2) offshore account's income is tax-free locally;

(3) offshore account deposit interest is tax-free;

(4) the account is confidential;

(5) Avoiding political risks;

(6) Avoiding financial risks;

(7) Avoiding commercial risks;

(8) Promote the investment and financing operation of the Group.