Offshore account (OFFSHORE ACCOUNT) refers to legal or natural persons and government agencies located outside China,On the basis of obtaining the qualifications for offshore banking operations in accordance with the law,A bank account opened when conducting business with a domestic bank,That is, a bank account opened in a country other than the country of residence of the depositor is an offshore account. After approval by the Banking Regulatory Bureau, Ping An Bank, China Merchants Bank, Shanghai Pudong Development Bank and Bank of Communications have the right to open offshore accounts.

Offshore accounts The Banking Regulatory Bureau is responsible for the supervision, which is less regulated by external management policies and does not need to occupy foreign debt indicators. Funds come and go freely and are basically not regulated by external management policies. There are no RMB accounts in offshore banks.

Due to the tightening of the offshore bank account opening policy, overseas companies in offshore bank account, in addition to the need to prepare the overseas company's shareholders, directors and the set of documents, the company3In addition to the left and right business contract, information of domestic affiliated companies should also be provided, such as financial statements of domestic affiliated companies in recent one year.3~5About a business contract evidence, nearly half a year of bank statements and so on.

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