Bank Accounts and Foreign Exchange Control. (a) The Company shall open foreign exchange and Renminbi bank accounts at authorized banks in China and may also open foreign exchange account(s) outside China with the approval of SAFE for the furtherance of its business purposes.
(b) The Company’s foreign exchange transactions shall be handled in accordance with relevant Chinese regulations relating to foreign exchange control.
Bank Accounts and Foreign Exchange Control. The Joint Venture shall handle foreign exchange transactions in accordance with relevant laws and regulations of the PRC. The Joint Venture shall open foreign exchange and Renminbi accounts at banks within China authorized and approved by the State Administration of Foreign Exchange to conduct foreign exchange operations. The Joint Venture may, with approval of the relevant PRC Government Authority, also open foreign exchange accounts outside the PRC.
Bank Accounts and Foreign Exchange Control. The Company must open a foreign exchange account and a RMB account at a bank approved by the People's Bank of China. The Company's foreign exchange transactions must be handled in accordance with the regulations of the PRC relating to foreign exchange control.
Bank Accounts and Foreign Exchange Control. The Company shall separately open a foreign exchange account and a Renminbi account with authorized banks within or outside the PRC approved by the SAEC. The Company’s foreign exchange transactions shall be handled in accordance with the regulations of the PRC relating to foreign exchange control.
Bank Accounts and Foreign Exchange Control. The JV Company shall open foreign exchange accounts and RMB account at onshore banks which has been approved to operate foreign exchange business. The JV Company’s foreign exchange transactions shall be handled in accordance with the laws and regulations of China relating to foreign exchange control.
Bank Accounts and Foreign Exchange Control. The Joint Venture Company shall open RMB bank accounts and foreign exchange accounts within China in currencies used by the Joint Venture Company in its operations. The Joint Venture Company’s foreign exchange transactions shall be handled in accordance with the relevant Chinese laws and regulations relating to foreign exchange control.
Bank Accounts and Foreign Exchange Control. The Parties shall cause the Company to separately open and maintain a foreign exchange account and a Renminbi account at an authorized bank within the PRC approved by the SAFE. With the approval of SAFE, the Company may open a bank account in the name of the Company outside the PRC. The Company’s foreign exchange transactions shall be handled in accordance with the Applicable Laws of the PRC.
