How do companies open offshore bank accounts?
In November 2019, the people’s Bank of China issued a notice in Hebei Province, Zhejiang province and Shenzhen City to pilot large-scale cash management trials. This involves the imposing of cash management requirements on public accounts of at least 500,000 yuan and private accounts of at least 100,000 yuan in Hebei, 300,000 yuan in Zhejiang, …
