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Approved for business in RMB currency

Posted on:
01-05-2012 at 03:10:00

J&Y Shanghai Int'l Trading Co., Ltd received license to invoice abroad in RMB

The Chinese government has certified J&Y Shanghai Int'l Trading Co., Ltd to invoice foreign customers in Chinese local RMB currency.

An increasing number of customers requested this service to avoid currency exchange rate risks in long term fixed contract agreements. In several countries, the Chinese central bank allows customers to open RMB accounts, which can now be used directly to trade with J&Y. This applies to import and export in China.

The increased VAT tax refund payback period does not influence the ability of J&Y to fulfill it's financial obligations.

If you require any additional information regarding this service, please contact us