Introduction
Any corporate and other organization approved by the State Administration of Foreign Exchange (SAFE) can open a foreign currency account and apply for account transfer or other settlement services at Hua Xia Bank upon presentation of the approval document issued by the SAFE and the business licence.

Category
By the account nature, this product can be classified into current account foreign currency deposit and capital account foreign currency deposit. 

By the tenor, the product can be classified into foreign currency current deposit and foreign currency time deposit according to tenor. The latter is further classified into small-amount foreign currency deposit and large-sum foreign currency deposit according to the amout of deposit. At present, the small-amount foreign currency deposit refers to foreign currency time deposit whose balance falls within USD 3 million or other currencies of equivalent value. The large-sum foreign currency deposit refers to foreign currency time deposit whose balance is greater than USD 3 million (inclusive) or equivalent.

Currency and Tenor
Currencies include USD, JPY, EUR, GBP, HKD and other freely convertible currencies. The tenor includes current deposit and time deposit. For time deposit, the tenor may be 7-day notice deposit, one month, four months, six months, one year, and two years.

Interest Rate
The interest rate for corporate foreign currency current deposit and corporate small-amount foreign currency time deposit is executed as per interest rate published by China Banking Association. The interest rate for corporate large-sum foreign currency time deposit may be negotiated by the administering bank and the customer in line with the deposit interest rate cap published by Hua Xia Bank.

Application Materials
1) Foreign currency account opening approval documents by SAFE;
2) Account opening application; 
3) Business licence; 
4) Corporate code certificate or other documents of registration or certification.