Permit To Collect Chinene Yuan (Cny) In Cash

The dossier shall include:

1. The application for the permit;
2. A competent agency’s document permitting the enterprise to sell duty-free goods or provide services for foreigners;
3. The written opinion of the State Bank’s provincial/municipal branch (in the locality where the enterprise wishes to sell goods or provide services for CNY in cash).

• Enterprises dealing in the sale of duty-free goods or the provision of services exclusively for foreigners in border areas and border gate economic zones (including enterprises headquartered in other localities but opening duty-free shops or providing services exclusively for foreigners in the above-said areas), if wishing to collect CNY in cash, shall address a set of dossiers to the State Bank (the Foreign Exchange Management Department) for application for the permit;
• Within 15 working days after fully receiving the valid dossiers, the State Bank shall grant or refuse to grant the license to the organization. In case of refusal to grant the license, a written reply must be given to the organization, clearly stating the reasons thereof.