Requirements, templates and instructions for all merchant banks when submitting statistical returns for Renminbi business activities.
Notice 1116 Foreign Exchange Conversion in China via the Renminbi Clearing Bank for the Settlement of Eligible Cross-Border Trade
Requirements for merchant banks conducting foreign exchange conversion in China via the Renminbi Clearing Bank.
This notice applies to all merchant banks in Singapore that conduct foreign exchange conversion in China via the Renminbi Clearing Bank for the settlement of eligible cross-border trade. It sets out the requirements for merchant banks to comply with, including verification of eligible trade, record keeping and reporting.