1.Forex Clearing Service for Foreign Banks

CCB currently undertakes the roles as the HK dollar settlement agency bank for the China Foreign Exchange Payment System and the US dollar settlement agency bank for the Shanghai Clearing House, and was also the first bank among the four designated settlement banks to get the agency service operation online. The system has been stable, which realizes separate account opening function and centralized management.. With swift business shifts and good branch management, it has greatly promoted the domestic foreign currency payment business.

CCB's clearing system consists of approximately 38 clearing centers (groups) that are further connected to over 2,000 branches at provincial level and more than 13,000 deposit-taking outlets. It possesses capabilities of differentiating corporate and private customers and automatically judging consistency of accounts and account names.  By directly transferring inward remittance to payee’s account, the system is able to streamline workflows and improve efficiency. It also features broad coverage, guaranteed security, swift transfer, and full information.

The service only applies to foreign banks that conduct forex fund transfers within Mainland China.

2.RMB International Clearing Service for Foreign Banks

With the support of its own clearing system and the PBOC’s payment and supervision system, CCB can be entrusted by foreign banks to open RMB clearing accounts with CCB, providing RMB Intl. clearing service for clients of both parties.

CCB maintains strategic cooperation with many enterprises enjoying the international trade pricing power and has strong client base for RMB international settlement business. With the support of the advanced system and experienced teams, CCB is able to provide customized service plans.

• 20-hour non-stop RMB clearing

• Extensive remittance networks

• High remittance efficiency

• Advanced transaction system

• Professional support teams

Processes and Procedures:

1.To submit the relevant account opening materials

2.To sign the Clearing Agency Service Agreement

3.To open an RMB account

4.To do business