operating procedure
1. Prepare relevant materials. It mainly includes: (1) enterprise information table; (2) A copy of the business license; (3) Organization code certificate; (4) Other materials required by the People's Bank of China.
2. Make business applications. Submit the above information to the bank.
3. Complete information activation. After the bank has passed the examination, it will keep the enterprise information table and other materials, and activate the enterprise information in the RMB cross-border receipt and payment information management system.
Matters needing attention
1. Enterprises should provide true and effective information, and banks should completely input enterprise information into the RMB cross-border receipt and payment information management system.
2. Enterprises that handle foreign direct investment in RMB business or foreign direct investment in RMB business also need to register foreign or domestic direct investment compliance information.
Section 2 Cross-border RMB settlement business under current account
In order to further improve the efficiency of cross-border RMB settlement and facilitate banking financial institutions and enterprises to use RMB for cross-border settlement, on July 5, 20 13, the People's Bank of China issued the Notice on Simplifying Cross-border RMB Business Process and Improving Relevant Policies (Yinfa [2065 438+03] 168), further simplifying the cross-border RMB settlement business process under current account.
operating procedure
1. Prepare relevant materials. It mainly includes: business vouchers or receipts and payments documents for cross-border RMB settlement.
2. Make business applications. Submit the above information to the bank.
3. The bank handles relevant formalities for the enterprise. After verifying the authenticity of the business, the bank will go through the relevant business procedures for the enterprise.
Matters needing attention
1. On the basis of the three principles of "know your customer", "know your business" and "due diligence", banks can directly handle cross-border settlement with business vouchers submitted by enterprises (except those listed in the key supervision list of RMB settlement enterprises for export goods trade) or cross-border RMB settlement receipt and payment documents.
2. When the enterprises in the key supervision list of RMB settlement enterprises for export goods trade handle cross-border RMB settlement business under the current account, the bank shall strictly conduct business authenticity audit.
3. Where an enterprise deposits the RMB funds obtained from the RMB settlement business of cross-border trade abroad, it shall provide its domestic settlement bank with information such as the amount of RMB funds deposited abroad, the opening bank, the purpose and the corresponding export declaration, and the domestic settlement bank shall submit the above information to the RMB cross-border receipt and payment information management system. The RMB funds obtained by key supervision enterprises in RMB settlement of export goods trade from RMB settlement of cross-border trade shall not be deposited abroad.
Section 3 Foreign Direct Investment in RMB Settlement Business
The business of foreign investors investing in China in RMB belongs to cross-border RMB business under capital.
Description of production process
1. To set up a foreign-invested enterprise, an overseas investor must obtain the approval certificate of the foreign-invested enterprise from the competent commercial department, obtain the business license of the enterprise as a legal person from the administrative department for industry and commerce, and then register the compliance information of domestic direct investment at the branch of the People's Bank of China where the enterprise is registered.
The basic information of the registered foreign-invested enterprise, such as its name, operating period, mode of capital contribution, partner and joint venture, changes, or major changes such as capital increase, capital reduction, equity transfer or replacement, merger and division. , the above changes shall be submitted to the branch of the People's Bank of China where it is registered.
2. After the overseas investors submit the approval or filing documents of the relevant state departments and other relevant materials to the bank, the bank shall carefully examine them and log in to the RMB cross-border receipt and payment information management system to inquire about relevant information before handling the RMB settlement business of foreign direct investment.
3. Enterprises with foreign investment shall apply for opening RMB bank settlement accounts by submitting business licenses and other materials to banks in accordance with the Measures for the Administration of RMB Bank Settlement Accounts and other regulations on the administration of bank settlement accounts. Foreign investors shall open a special deposit account for RMB capital in accordance with the principle of special account system, and the account shall not handle cash receipt and payment business.
If a foreign investor merges a domestic enterprise with RMB to establish a foreign-invested enterprise, the Chinese shareholder of the merged domestic enterprise shall apply for opening a RMB M&A special deposit account in accordance with the Measures for the Administration of RMB Bank Settlement Accounts and other regulations on the administration of bank settlement accounts, which is specially used to deposit RMB M&A funds remitted by foreign investors, and the account shall not handle cash receipt and payment business.
Section IV: Foreign Direct Investment in RMB Settlement Business
The RMB settlement business of overseas direct investment refers to the behavior of domestic institutions to establish or obtain all or part of the ownership, control or management rights of enterprises or projects overseas by means of establishment, merger and equity participation with RMB funds approved by the competent department of overseas direct investment. After obtaining the approval certificate from the competent department of overseas direct investment, domestic institutions can go to the People's Bank of China to register the compliance information of overseas direct investment, and then go to the bank to handle related business.
Description of production process
1. Domestic institutions are approved by overseas direct investment authorities and issue overseas investment approval certificates.
2. Domestic institutions shall register compliance information of foreign direct investment with the People's Bank of China.
3. Domestic institutions shall, after going through the formalities of remittance of upfront expenses or registration of overseas direct investment at the foreign exchange bureau, go to the bank for remittance of RMB funds or remittance of upfront expenses in RMB.
4. Domestic institutions can go directly to the bank to handle the remittance and remittance procedures of RMB funds on the strength of the approval documents of the competent department of overseas direct investment due to the RMB income and expenditure of overseas investment enterprises such as capital increase, capital reduction, share conversion and liquidation.