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Offshore-Onshore Custody Account Services

Responding to the policy of "restructuring of state-owned enterprises" and "breaking industrial monopolization", some state-owned utilities and infrastructures with monopolization characteristic, particularly in urban areas, will be restructured by way of auction on public offer. Bidders from all over the world will need to show their ability to take part in the competition by depositing the requisite level of purchasing capital in their bank accounts. You may be one of the bidders from overseas who might be concerned, should you fail to be successful, as to whether your money will be returned from China due to Chinese foreign exchange rules. To meet this concern, we have created a business model called "Offshore-Onshore Custody Account services" for the benefit of both foreign bidders and the domestic selling party. This works by the foreign bidder placing his purchasing capital in an offshore Custody Account opened with us. When completion takes place, we will assist the successful bidder to perform his contractual obligation and remit the fund to the selling party, whose account is maintained by our domestic branch. If you fail to win the bid, your capital is kept separate from the auction. This arrangement not only meets the requirement of the auctioneer, but also ensures the safety of a foreign bidder' s capital. Our distinctive Custody Account service has also become one of the best and ideal choices for Chinese auctioneers in auctions on restructuring sate-owned utilities and infrastructures.

  
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