FT accounts refer to local and foreign currency accounts with uniform rules opened in banks and other financial institutions of FTZ accounting units. The account system opens the channel between FTZ and offshore market, and provides a more effective way for enterprises in the region to set foot in overseas markets and meet the needs of the real economy for trade settlement and cross-border investment and financing exchange facilitation.

FT account is like a capital highway, and domestic and foreign funds can flow efficiently in this efficient, transparent and monitorable channel.

In general, when an enterprise needs foreign exchange, it needs to open a foreign currency account. For example, enterprises with US dollar receipts and payments should open US dollar accounts, and enterprises with Euro receipts and payments should open Euro accounts. If an enterprise has business dealings with many countries, it needs to open many accounts in different foreign currencies.