Originally Posted by
nickyboy
Wiring Forex into a business account will require approval by a firm of auditors who will then make a Capital Adequacy report to the local SAFE who will lock it up in China if they perceive it as "capital". Once recognised as "capital" it cannot be repatriated without a lot of complicated steps to reduce the company's capital....in short, it's a nightmare.
nickyboy
Actually, I wasn't referring to the business capital account, but to a business current/operating account...which still involves issues when it comes to (re) conversion. Nobody should be injecting money into a capital account unless they intend to make a true business investment, and that should be accompanied by a suitably long term horizon. Definitely not a vehicle for RMB currency speculation.