1. RMB Accounts

RMB Basic Deposit Account
This account is for the purposes of cash revenue and expenditure as well as settlement and transfer of account. According to the central bank's rules, an entity is only allowed to open one basic account regardless of the bank it chooses.

Procedure for Opening RMB Basic Account

The applier should submit at least one of the following proof documents for the Bank's discretion:
·	Original copies of "Corporate Legal Person License" or "Business License" issued and validated by industrial and commercial administrative authorities;
·	Permissions from the central or local commissions of organizations, or authorities in charge of personnel affairs and civil administration;
·	Permission from competent departments for their auxiliary units to open bank account;
·	"Account Opening Permission" or "Account Opening Certificate" issued by financial departments at corps or higher level in the People's Liberation Army, or at squadron level or higher in the People's Armed Police Force;
·	Permission issued to permanent representative institutions by competent department of the host cities;
·	Moreover, corporate legal person also need to submit for discernment their "Corporate Code Certificates" issued by the State Bureau for Technology Supervision.

RMB Ordinary Deposit Account
This account is for the purposes of settlement and transfer of account as well as cash lodging, but not for cash withdrawal and salary distribution. Institutional clients may apply for this account after opening their basic deposit account; or in case yours is an entity without independent accountability, but its competent department is located in another city, for the purpose of independent settlement, your entity is allowed to apply for such account with permission from its competent department.
Requirement on proof documents for opening of an ordinary deposit account is the same as that for the opening of a basic account.

RMB Temporary Deposit Account

·	This account is available for temporary business activities;
·	If you desire an account for capital fund verification, you should produce "Corporate Name Advance Approval Notice" issued by the Industrial and Commercial Administrative Bureau as well as the photocopy of Resident ID of the applier indicated on the aforementioned Notice.
·	If you have a remittance from other cities awaiting settlement, you may carry your own Resident ID to the bank and open an "account for cash custody."

RMB Deposit Account for Special Purposes

·	This account is available for special purposes;
·	Apart from the proof documents needed for a basic deposit account, you have to present to the bank at least one of the following proof documents in a bid to apply for a deposit account for special purposes:
·	Project launch permission from competent authorities;
·	Other documents required by the state authorities.

2. Foreign Exchange Accounts

Current Foreign Exchange Account

·	This account is for the purpose of revenue and expenditure in current foreign exchanges, and it may also be available to capital account expenditure if with permission from the State Foreign Exchange Regulatory Bureau. Subsidiary foreign exchange accounts include: settlement account, correspondent account, project contracting account, special account for operational cost of overseas organizations stationed in China, and guarantee fund account.
·	Apart from the proof documents needed for a basic deposit account, you have to present to the bank at least one of the following proof documents in a bid to apply for a foreign exchange account:
·	Permission from State Foreign Exchange Regulatory Bureau;
·	Overseas-funded Enterprise Registration Certificate (only applicable to overseas-funded enterprises)

Capital Foreign Exchange Account
This account is for purposes in capital items such as all sorts of loans, direct investment, and securities investment. It is available for both current expenditure and capital expenditure. The subsidiary accounts include: capital fund account, foreign exchange loan account of domestic financial institutions, foreign debt account, special account for loan repayment, and special account for stocks trading, etc.