Can Japanese banks directly convert Japanese yen into RMB and remit it back to China? Which bank can do it?
China Bank's branch in Japan can exchange RMB in Japan and deposit it in my RMB account in China Bank. In addition, both sumitomo mitsui banking corporation and Mizuho Bank have branches in China that handle personal business and can handle similar business. However, it is much more complicated for foreign banks to open cross-border accounts in Japan.