Cross-border RMB settlement pilot has been gradually expanded，When an enterprise handles RMB letters of credit or other cross-border RMB settlements，“Being approved as a pilot enterprise” should no longer be regarded as a general prerequisite。Is it actually possible to handle it?，It should be verified by the handling bank based on the real trade background.、Customer due diligence、Account arrangements、Documents and current cross-border RMB policies are reviewed.。
In the business preparation stage，Enterprises should sign trade contracts in advance with RMB as the settlement currency.，Complete the RMB declaration procedures，and submit a full set of business documents and applications required for international settlement to the bank。Except for trade contracts and settlement arrangements，Overseas trading partners also need to open RMB accounts in overseas commercial banks，To receive RMB payments；If an overseas enterprise is the buyer，You need to obtain the RMB funds required for payment through an overseas bank in advance.。
Cross-border RMB settlement can cover goods trade、Service trade and other current items that comply with regulations。Businesses should refer toReport on RMB Internationalization of the People's Bank of Chinaand the latest operating requirements of the handling bank，Check settlement path、Declaration information、Payment accounts and trade documents。
Application conditions
- Be real、Legal cross-border goods trade or service trade background。
- Agree with the counterparty to price and settle in RMB，and prepare corresponding contracts、Invoice and proof of shipment or service。
- Complete customer due diligence as required by the handling bank、Business authenticity review and cross-border revenue and expenditure declaration。
- Check domestic and overseas collection and payment accounts、Letter of credit terms、Currency、Amount and settlement time。
- involving trade finance、When goods are received or paid in advance or other special arrangements are made，Supplement fund usage and transaction documents as required by the bank。
About Hong Kong Xintong
GXT-HKComposed of professional teams from mainland China and Hong Kong，Focus on providing global company registration、Financial license application、Bank account opening、One-stop cross-border services such as tax financial planning and compliance consulting，core coverageHong Kong MSO License、Hong Kong Insurance Brokers and Hong Kong Money Lenders Licenses、US MSB license、Hong Kong 149 license、9license plate，Helping enterprises to go overseas efficiently and compliantly，Steady global layout。
