Traditional Providers
Open a Chinese Yuan Business Account
Open a CNH business account and access offshore Renminbi with confidence. Hold, send, and receive CNH via SWIFT without needing a Mainland onshore account. Manage your CNH balances with clear control over every transaction.
Reduce FX friction and simplify international transfers
CNH account details in your company’s name
Reliable global CNH payments through the SWIFT network
Suitable for international operations, non-resident directors, and multi-jurisdictional ownership
Chinese Yuan
Currency name
CNH
ISO code
¥
Currency symbol
Why You Need a Chinese Yuan Account
What’s Included with Your Chinese Yuan Business Account
A dedicated CNH currency account integrates your treasury into China’s trade ecosystem while retaining global flexibility. It avoids unnecessary conversions, reduces settlement friction, and gives finance teams the ability to manage CNH exposure on their own terms.
Key Benefits
Hold, receive, and pay CNH balances under treasury rules to reduce repeated conversions.
Global SWIFT access for offshore CNH settlement with counterparties worldwide.
Improve supplier confidence by invoicing and paying in CNH terms.
Enterprise controls across entities, with permissions, approvals, and audit trails.
The Risk
The Risk of Not Having a Chinese Yuan Business Account
Operating without CNH capability leaves corporates exposed to unnecessary costs and friction. Forced USD settlement and ad-hoc conversions create unpredictability and reduce competitiveness in China-linked supply chains.
FX erosion:
Repeated, unplanned conversions compress margins.
Payment delays:
SWIFT-only routes add intermediaries, days, and fees.
Counterparty friction:
Local partners prefer CNH transfers to domestic accounts.
Compliance hurdles:
Paying taxes and payroll without a CNH account can be challenging.
Who We Serve
Our CNH Business Accounts Are Designed for
We support a wide range of internationally minded businesses. From fast-growing companies to established global organisations managing complex operations.
Global Corporates
Centralise CNH receivables, fund suppliers and payroll, and align CNH costs with CNH revenues for cleaner margins.
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Funds & Institutions
Manage capital calls and distributions in CNH with role-based approvals and clear audit trails.
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Private Equity
Efficient CNH flows for deals, fees, and SPV/holdco structures with policy-driven FX.
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Family Offices
Discreet CNH management for assets, commitments, and inter-entity transfers under tight permissions.
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The All-in-One Platform
Banq Global vs. Traditional Providers
Open business accounts (20+ countries)
Open multi-currency accounts (30+ currencies)
Preferential exchange rates (130+ currencies)
Receive global payments (190+ countries)
Make global payments (190+ countries)
Currency risk management
Mass payments
Trade finance
All-in-one platform
Dedicated relationship manager
Business Account - Step by Step
How to Open a Chinese Yuan Business Account
A clear, expert-led process that reduces rework, shortens decision time, and maintains certainty.
01
Scoping & Fit
We review your structure, directors, UBOs, and CNH flows to confirm feasibility and align the account with your treasury needs.
02
Document Pack
A precise, tailored checklist for your entity type and structure, minimising rounds of clarification.
03
Compliance Review
Disciplined AML/KYC due diligence with prompt Q&A and clear status visibility.
04
Account Issuance
CNH account in your company’s name with unique IBAN and BIC.
05
Go-Live & Controls
Users, roles, approvals, payment templates, and FX policy (including market orders) configured to your standards.
Chinese Yuan Business Account - FAQs
Opening a CNH account raises questions on eligibility, payment rails, non-resident onboarding, and compliance. Below are answers to the questions global finance teams ask most often.