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Which accounts need approval?
Approved accounts include:

(1) basic deposit account;

(2) Temporary deposit account (except for registered capital verification and capital increase capital verification);

(3) Special deposit account of budget unit;

(4) Special deposit accounts as otherwise stipulated by the People's Bank of China.

The approved account refers to the bank settlement account approved and licensed by the account management system of the People's Bank of China. When applying for opening a basic deposit account, depositors shall submit the following documents:

(1) Enterprise legal person, unincorporated enterprise and individual industrial and commercial households shall issue the original business license;

(2) The organs and institutions that implement budget management shall issue the approval or registration certificate of the government personnel department or the organization establishment committee and the certificate that the financial department agrees to open an account. Non-budget management institutions should issue the approval or registration certificate of the government personnel department or the establishment committee, social organizations should issue the registration certificate of social organizations, religious organizations should also issue the approval or certificate of the religious affairs management department, private non-enterprise organizations should issue the registration certificate of private non-enterprises, and residents' committees, villagers' committees and community committees should issue their supervisors.

(3) Units above the regimental level of the military and armed police, as well as branches (detachments) that are decentralized on duty, shall be issued with account opening certificates by the financial departments of units above the regimental level of the military and the armed police corps;

(four) the local permanent establishment shall issue the approval of the local government department;

(5) The foreign institutions in China shall issue the approval or certificate of the relevant competent department of the state; The representative offices and offices of foreign-invested enterprises in China shall issue registration certificates issued by the state registration authorities;

(6) The independent accounting subsidiary shall issue the basic deposit account account opening registration certificate and approval from its competent department;

(7) Other organizations shall issue the approval or certificate from the competent government department.

If the depositor is a taxpayer engaged in production and business activities, it shall issue a tax registration certificate issued by the tax department.

Legal basis:

Measures for the Administration of RMB Bank Settlement Accounts Article 4 A depositor of an enterprise bank settlement account can only open a basic deposit account in a bank. Article 5 A depositor shall open a bank settlement account at the place of registration or domicile. Except that bank settlement accounts can be opened in different places (across provinces, cities and counties) in accordance with the provisions of these Measures. Article 6 The examination and approval system shall be implemented for depositors to open basic deposit account, temporary deposit accounts and special deposit accounts in budget units. With the approval of the People's Bank of China, the opening bank will issue an account registration certificate. Except for temporary deposit accounts opened by depositors for capital verification purposes. Article 7 Depositors may choose to open a bank settlement account. Except for national laws, administrative regulations and provisions of the State Council, no unit or individual may force depositors to open bank settlement accounts in designated banks. Article 8 The opening and use of bank settlement accounts shall abide by laws and administrative regulations, and bank settlement accounts shall not be used for tax evasion, debt evasion, cash withdrawal or other illegal and criminal activities.