中英Newsletter: Investing in
China with Offshore RMB Funds人民币对华投资
During the last five years, RMB rose up for nearly 16% and it made
most of the foreign investors having earned large sums of RMB prefer
to continue hold RMB in hand instead of convert it into dollars.
This article introduces to you the approach that how to keep the RMB
you legally obtained in your offshore RMB account and use it for
future investment in other projects in China. It is also well
analyzed in this article that except for the advantage of avoiding
exchange rate losses, using RMB fund in your investment in China can
also help to avoid additional tax costs and as well the
inconvenience of currency exchange in daily operation, as under the
current administration, foreign invested companies are only allowed
to convert foreign currency capital in the amount consistent with
that it due to pay.
Please find attached the article (in Chinese) written by Lichen
ZHAO, partner at Grandall Shanghai.