In accordance with the legislation of the People’s Republic of China, the international transfers in Chinese yuan (CNY) can be executed only between legal entities and only for export-import operations (payments for goods and services). International transfers to private individuals are prohibited.

In order to ensure outgoing transfers in Chinese yuan (CNY) to Mainland China, please pay attention to the mandatory requirements to payment orders information, necessary for transfer execution.

Mandatory requirements to payment order:

Information on the remitter and the beneficiary:

1. 1. Remitter’s and beneficiary’s account numbers;
2. 2. Full name of the remitter and beneficiary (as stated in the registration documents of legal entity);
3. 3. Full address of the remitter and beneficiary (number of the building, street, city, country, postal code).

Information on the beneficiary bank:

1. 1. the name of the beneficiary bank, the name and the address of the branch of the beneficiary bank;
2. 2. BIC code of the beneficiary bank (branch of the beneficiary bank);
3. 3. CNAPS code* of the beneficiary bank;

Information for the beneficiary:

1. 1. code of transfer purpose **;
2. 2. description of operation;ра;
3. 3. number and date of the contract;
4. 4. number and date of the invoice.

For example (the names of the organizations and the combination of numbers in the details specified in the example are fictitious):

Please note that the transfer in Chinese yuan cannot be executed without the code of transfer purpose.