EC contracts are classified as a Specified Domestic 

Product. According to PBC’s Announcement [2015] No. 

19 and SAFE’s Circular Huifa [2015] No. 35 and related 

Q&As, overseas investors and overseas brokers may 

transfer offshore RMB or USD to onshore bank accounts 

to trade Specified Domestic Products. These funds will 

be deposited in dedicated accounts under closed-loop 

management, and may not be used for any purpose other 

than the trading of Specified Domestic Products. Fund 

transfers should comply with the scope of payments and 

receipts prescribed by relevant policies.

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