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Are there any limitations on foreign exchange accounts in China?

It is preferable that foreign exchange accounts are balanced in order to remit profits abroad, so that the repatriated foreign exchange is then offset by exports from the joint venture. According to the Regulations on Foreign Exchange Control and the currencies stipulated by the equity joint venture contract, the foreign investors may remit abroad the net profits they received, the funds they received at the time of the expiration or termination of the duration of the equity joint venture, and other funds after they fulfill their obligations required by laws, the agreement or contract. Foreign investors are encouraged to deposit all of their foreign exchange into the banks of China. With the elimination of foreign exchange certificates and the further opening of the China market, this requirement is becoming increasingly relaxed.

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