1. You need to open a remittance account with a bank or a third-party payment institution.
2. Provide the correct payee's name, payee's bank name, payee's bank account number and other information to ensure that the remittance is correct.
3. If the remittance amount in Chinese mainland exceeds a certain limit (usually US$ 50,000 and RMB 348,580), it is necessary to provide relevant supporting documents stipulated by SAFE, such as an application for overseas remittance, identification certificate, etc.
4. According to local foreign exchange laws and regulations, payment banks or third-party payment institutions need to review remittance applications and examine and approve them according to regulations.