NRA account is the abbreviation of non-resident account, which is called "domestic foreign exchange account of overseas institutions" in Chinese. Refers to the domestic foreign exchange accounts opened by overseas institutions in domestic banks according to regulations, excluding the domestic offshore account of overseas institutions.
RMB NRA account RMB account refers to a domestic foreign exchange account opened by a domestic bank with RMB as an overseas institution.
Overseas institutions: refers to institutions legally registered and established overseas (including Hongkong, Macau and Taiwan Province Province).
Domestic banks refer to domestic Chinese banks and foreign banks that are legally qualified to absorb public deposits and handle domestic and foreign settlement.