As a remitter, do I need to submit any supporting documents when conducting RMB outward remittance?
If the remittance does not involve RMB exchange for cross-border trade settlement purpose, commercial customers are not required to submit the related trade supporting documents to the Bank. However, if the remittance involves RMB exchange for cross-border trade settlement purpose, commercial customers are required to submit RMB Exchange Instruction & Declaration form and the following trade supporting documents: Sales invoices and transport documents issued by a third party in relation to the underlying cross-border trade settlements and any other trade related supporting documents as required by the Bank from time to time. In any case, the remittance amount of RMB for the RMB cross-border trade settlement must not be larger than the amount of the underlying cross-border trade transaction. Furthermore, to avoid delayed payments, commercial customers are advised to check the eligibility of their payees on the Mainland before making outward remittance applications. Otherwise, such remit