RMB funds in the account for foreign exchange settlement and pending payment may not be transferred back to the capital account through purchasing foreign exchange.

According to the "Notice of the State Administration of Foreign Exchange on Reforming the Management Method of Foreign Exchange Capital Settlement of Foreign-Invested Enterprises" (Huifa [2015] No. 19), the foreign exchange settlement and payment account is set aside for guarantee or payment of other The RMB funds of the security deposit must be transferred back to the account for foreign exchange settlement and payment through the original route, except in the case of guarantee performance or default deduction.

The "Notice of the State Administration of Foreign Exchange on Reforming the Management Methods of Foreign Exchange Capital Settlement of Foreign-Invested Enterprises" (Huifa [2015] No. 19) stipulates that banks should review every fund payment when handling it. To verify the authenticity and compliance of the previous payment certification materials, the bank should determine whether to require the enterprise to submit a list of purposes for the previous foreign exchange settlement based on business principles such as "know the customer", "understand the business" and "due diligence".

The bank provides services to overseas investors in accordance with bank settlement account management regulations such as the "RMB Bank Settlement Account Management Measures", the "Implementation Rules of the RMB Bank Settlement Account Management Measures" (Yinfa No. 200516) and the "RMB Bank Settlement Account Management Measures for Overseas Institutions". , foreign-invested enterprises and their Chinese shareholders and other depositors handle RMB bank settlement account business.

A foreign investor can only open one special RMB deposit account for upfront fees in the country, and the account name is the name of the depositor plus the name of the depositor. The word "pre-payment" must be added before the account number. When opening a special deposit account for RMB pre-payment for a foreign investor, the bank should log in to the RMB cross-border payment information system to check whether the foreign investor has opened a pre-payment account. Expense accounts that have already been opened cannot be opened again.