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Can state-owned enterprises open accounts in foreign banks?
if there is demand.

an enterprise that meets one of the following conditions may apply to the foreign exchange administration department to open an account abroad: 1. An enterprise has sporadic income abroad, and needs to open an account abroad and remit the income back to China. 2. The enterprise has regular sporadic expenditures abroad, and the funds deposited in such accounts shall be remitted from China by the enterprise. 3. Due to special business needs, you must open an account abroad.