Tools for Business Success in China

Business in China 

How can we help you succeed?

Market Update

Signs of Recovery in China – Impact of COVID-19 on businesses

Helping You Succeed in Mainland China

China’s influence on international trade continues to grow and recent developments have accelerated the importance of the Chinese Renminbi (RMB). On-the-ground support and currency solutions can help you succeed in this rapidly changing environment.

On October 1, 2016, the renminbi became one of the world’s reserve currencies. Along with a series of liberalizing moves, this development has turned the renminbi into an “elite currency” according to the New York Times.[1]

PNC can help you take advantage of the growing role of the renminbi in international trade with new hedging tools and payment options to help you manage risk, improve your competitive position and increase profitability.

PNC’s Shanghai Representative Office can provide support and insight to help U.S. companies navigate the day-to-day challenges of doing business in a changing China.


What You Need to Know About Banking Practices

If you are new to doing business in China, you may find that opening a bank account is a little more complicated than you might expect. There are also a number of ways that banking practices differ from those in the United States and other countries. This article is designed to give you the basic information you need to move forward.
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How to Repatriate Profits

Once your business is established in China and you are making a profit, you will probably want to repatriate the proceeds at some point. Tax implications and tax planning are important considerations for determining the optimal profit repatriation strategy.
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Taxes in China: A Quick Reference Guide

Once you have established your company in China as a Representative Of ce (RO), Wholly Foreign Owned Enterprise (WFOE) or a Joint Venture (JV), it is subject to taxes. The business sector, development zones and geographic regions will have an impact on the regulations that apply.
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Human Resource Considerations

Whether you are currently doing business with China or considering an expansion, human resources will be essential to your success. This article is intended to provide an overview of laws and regulations that differ in many important respects from those of the United States and other countries where you may be doing business.
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How to Create a Legal Entity

As you enter the Chinese market, the first step is to create and register your company as a legal entity. Structures, processes and regulations are quite different than those in in the United States and elsewhere in the world. Here’s what you need to know to get started.
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Navigating China's Regulations on Foreign Exchange Goods Trade

When it comes to foreign exchange transactions, regulations can vary based on business type, payment term or method, and are subject to change by the regulator. Therefore, it is prudent for companies to understand the landscape and have local resources they can call on for assistance.
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Is it Time to Change your Chinese Payment Strategy?

Need Assistance Managing your Chinese Cash Flow and Mitigating Payment Risk?

Looking for On-the-Ground Support in China?

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Important Legal Disclosures & Information

  1. The New York Times, Nov. 30, 2015

  2. The Wall Street Journal, Jan. 21, 2015

PNC Bank, NA’s (“PNC”) Shanghai Representative Office was approved by the China Banking Regulatory Commission on April 16, 2008. PNC’s Shanghai office is prohibited from engaging in any form of operational business activities in compliance with the People’s Republic of China on Administration of Foreign-funded Banks released by the State Council. Accordingly, PNC’s Shanghai Representative Office does not accept deposits, underwrite loans or issue credit of any kind, or sell wealth management products in China. Any activities of these types in China using the PNC name or trademarks are not authorized by PNC.

PNC Bank, National Association is a subsidiary of The PNC Financial Services Group, Inc. (NYSE: PNC). For further information, please refer only to

The information contained herein (“Information”) was produced by an employee of PNC Bank, National Association’s (“PNC Bank”) foreign exchange and derivative products group. Such Information is not a “research report” nor is it intended to constitute a “research report” (as defined by applicable regulations). The Information is of general market, economic, and political conditions or statistical summaries of financial data and is not an analysis of the price or market for any product or transaction. This Information is for general information purposes only and is not intended as legal, tax, accounting, or financial advice, or recommendations to sell currencies or securities or to engage in any specific transactions and does not purport to be comprehensive. Under no circumstances should any Information be used or considered as an offer or solicitation of an offer to participate in any particular transaction or strategy. PNC is a registered service mark of The PNC Financial Services Group, Inc. (“PNC”). Foreign exchange and derivative products are obligations of PNC Bank, Member FDIC and a wholly owned subsidiary of PNC. Foreign exchange and derivative products are not bank deposits and are not FDIC insured, nor are they insured or guaranteed by PNC Bank or any of its subsidiaries or affiliates.

The information contained herein is intended for informational purposes only, and should not be construed as legal, accounting, tax, trading or other professional advice. You should consult with your own independent advisors before taking any action based on the Information. Under no circumstances should the information be considered trading advice or a recommendation or solicitation to buy or sell any products or services or a commitment to enter into any transaction. The information is gathered from sources PNC Bank believes to be reliable and accurate at the time of publication and are subject to change without notice. PNC Bank makes no representations or warranties regarding the information’s accuracy, timeliness, or completeness. All performance, returns, prices or rates are for illustrative purposes only.  Markets do and will change. Actual results will vary, and may be adversely affected by exchange rates, interest rates, commodity prices or other factors.

Foreign exchange and derivative products are obligations of PNC Bank, Member FDIC and a wholly owned subsidiary of PNC. Foreign exchange and derivative products are not bank deposits and are not FDIC insured, nor are they insured or guaranteed by PNC Bank or any of its subsidiaries or affiliates.

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