Payment Options & Foreign Exchange Control in China

Whether you are new to the Chinese market or looking to streamline your existing payment processes, this webinar offers guidance on managing your international transactions more securely and efficiently. From evaluating the financial reliability of buyers to managing the risks of delayed or non-payment, navigating the Chinese financial landscape can be complex, especially for companies unfamiliar with local banking practices.

This video is the recording of the webinar held in May 2025 by the EU SME Centre and the European Union Chamber of Commerce in China, with expert insights from Simone Restaino, Business Advisor at RsA Asia.

Video chapters

Read our guidelines on payment options and foreign exchange control in China

In these guidelines, exporters will find detailed explanations on the different payment options available to them, the documentation required and the risk level of each. They will also find illustrations of typical cross-border payment scenarios on the trade of goods and services between European companies and Chinese partners. The cases highlight common risks and demonstrate best practices to mitigate them. Finally, the appendices provide detailed references, including a list of designated banks, key regulations, and a flowchart on service contract registration and tax procedures.

Doing business with China demands an understanding of its payment and banking landscape. Payment in RMB has become increasingly common. This report compares settlement in RMB versus foreign currency and explains how foreign companies can receive and use RMB. It also clarifies whether RMB can be paid under contracts that specify a foreign currency. By preparing for regulatory compliance and choosing appropriate payment methods, foreign companies can reduce delays and improve financial efficiency. Read the guidelines online >

Keynote speaker

Simone Restaino

Business Advisor, RsA Asia

Simone Restaino is a Business Advisor at RsA Asia, a consulting firm based in Shanghai that supports international companies with cross-border investment, corporate structuring, and tax advisory across Asia.
He assists European businesses operating in or entering the Chinese market, with a focus on regulatory compliance, international taxation, and business transformation. His work combines corporate, financial, and strategic aspects, helping companies navigate the complexities of doing business in China.