Introduction 

RMB/FX spot refers to the foreign exchange-RMB settlement or sale transaction between the Bank and customers where the settlement timeframe is two business days from the trade date. This business is characterized by simple formalities, high market transparency, good liquidity, and relatively low risk. 

Instructions 

To apply for the RMB/FX spot business, customers shall abide by relevant regulations of China on foreign trade, customs and insurance (among others), as well as related provisions of the People’s Bank of China, China Banking and Insurance Regulatory Commission (CBIRC), and State Administration of Foreign Exchange (SAFE). 

Application Procedure