Settling directly in Chinese yuan (CNY/RMB) with mainland China counterparties can simplify pricing and reduce conversion steps compared with settling in USD or EUR and having the counterparty convert on their end.
When both sides of a trade would otherwise convert through USD as an intermediary currency, settling directly in CNY can remove one conversion step and make pricing more predictable — most relevant to companies with regular China-facing trade.
Not every account provider offers CNY settlement — this is confirmed case by case, based on the provider's own clearing arrangements.
Hong Kong and other centres run offshore RMB clearing that doesn't require a mainland Chinese bank account.
Companies with occasional China-facing payments may not see enough benefit to justify a dedicated CNY setup.
Larger or recurring CNY settlements may prompt requests for underlying trade documentation (invoices, contracts) as part of standard review.
Tell us about your structure, activity and payment needs — the essentials, not a full application.
We assess the structure and requirements against what providers typically accept before recommending a direction.
We identify a suitable regulated provider and explain what is realistically available for your case.
You complete official KYC/KYB directly with the regulated financial provider — not with Latynex.
The provider makes the final decision and activates the account. We stay involved if anything needs coordinating.
Latynex is not a bank or electronic money institution. Financial accounts and payment services are provided by independent, regulated financial institutions. Final eligibility and approval are determined by the selected provider, following its own KYC/KYB review.
No — offshore RMB clearing, including through centres like Hong Kong, allows CNY settlement without a mainland account.
No — it depends on the specific provider's clearing arrangements and is confirmed during case review.
No. Latynex is not a bank, EMI or payment institution. We review your case and, where suitable, introduce it to an independent, regulated financial provider who handles the account itself.
No. No introducer can guarantee a banking or payment-account decision. The provider you are introduced to runs its own KYC/KYB review and makes the final call under its own policies.
Typically: certificate of incorporation, register of directors and shareholders, proof of UBO identity and address, a description of business activity, and evidence of source of funds. Exact requirements vary by provider.
Setup and ongoing fees vary with jurisdiction, ownership structure, business activity, expected turnover and compliance profile. The provider discloses its fees before you proceed, and any Latynex advisory fee is disclosed separately.
No obligation — we review your case and respond with a straight answer.
Tell us about your company and payment needs — we review the case and point you to a provider genuinely suited to it.
Check eligibility