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How can I make sure that the RMB inward remittances received are initiated by MDEs? As a recipient, do I have to submit any proof in this regard?

April 26, 2017initiated inward mdes received recipient remittances RMB submit sure

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How can I make sure that the RMB inward remittances received are initiated by MDEs? As a recipient, do I have to submit any proof in this regard?

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Mainland authorities and banks will verify the identity of the remitter and the underlying trade transactions before the outward remittance can be effected. Therefore, participating banks and recipients in Hong Kong are not required to undertake further identity verification with regards to RMB inward remittances.