Enterprises with foreign investment may submit an application to the exchange authorities at the place of their registration for opening a foreign exchange account with any bank in the administrative region of this municipality that is authorized to deal in foreign exchange business, or for opening a foreign exchange account with a bank in other place if there is such a need.

Enterprises with foreign investment may, in accordance with the relevant provisions of the state concerning foreign exchange control, apply to have their loans obtained from abroad (including those from foreign-capital financial institutions situated in China) converted into Renminbi for paying in China for raw and processed materials and equipment. Enterprises with foreign investment may, in accordance with the relevant provisions of the state, purchase foreign exchange with Renminbi for the repayment of loans.

Enterprises with foreign investment are allowed to mortgage the assets outside China of their foreign investors to an overseas branch of Chinese commercial banks for credits granted by either overseas or domestic branch of the Chinese commercial bank.

Profit in foreign exchange obtained by foreign investors from the enterprise with foreign investment may be freely remitted abroad. Profit in Renminbi may be converted to foreign exchange at the designated bank on the presentation of the annual audit report, resolution of the board of directors of the enterprise and tax payment receipt, and then be freely remitted abroad, or be reinvested in China with the approval of the state authorities for foreign exchange control.

Foreign investors may, by presenting the letter of investment intention and remittance evidence, open a temporary foreign exchange account of three-month term for their money for investment intention. The term may be extended when necessary.

Export proceeds of enterprises with foreign investment may be deposited in the spot exchange in their foreign exchange balance account.

Commercial banks in this municipality shall give credit support to the export-oriented productive enterprise with foreign investment for part of their circulating funds as that given to the domestic export-oriented productive enterprises.