Common use of Bank Accounts and Foreign Exchange Control Clause in Contracts

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.

Bank Accounts and Foreign Exchange Control. (a) The Company shall open a foreign exchange account and a Renminbi account at banks within or outside China; such bank accounts at authorized banks in China and may also open shall be approved by the State Administration of Exchange Control. The Company's foreign exchange account(s) outside China transactions shall be handled in accordance with the approval regulations of SAFE for the furtherance of its business purposesChina relating to foreign exchange control.

Bank Accounts and Foreign Exchange Control. (a) The Company shall separately open a foreign exchange account and a Renminbi account at an authorized bank accounts at authorized banks in within China and may also open foreign exchange account(s) outside China approved by the SAFE and, with the approval of SAFE for SAFE, may open a bank account in the furtherance name of its business purposesthe Company outside China. The Company's foreign exchange transactions shall be handled in accordance with the Applicable Laws of China relating to foreign exchange control.

Bank Accounts and Foreign Exchange Control. (a) The Company shall will open a foreign exchange account and a Renminbi bank accounts account at authorized banks in China and may also open within or outside China; such banks will be approved by the State Administration of Exchange Control of China. The Company's foreign exchange account(s) outside China transactions shall be handled in accordance with the approval regulations of SAFE for the furtherance of its business purposesChina relating to foreign exchange control.

Bank Accounts and Foreign Exchange Control. (a) The Company shall separately open foreign exchange accounts and Renminbi bank accounts at authorized banks in within or outside China and may also open upon approval by the relevant authorities. The Company's foreign exchange account(s) outside China transactions shall be handled in accordance with the approval regulations of SAFE for the furtherance of its business purposesChina relating to foreign exchange control.