Annual requirement · capital account compliance
The old annual foreign-exchange inspection was replaced by an annual registration of outstanding equity interests, filed through the capital account system. The name changed, but the exposure did not: if your cross-border receipts, payments and shareholder loans do not reconcile to what was registered, your capital account stops working.
Timing
Two windows matter. Missing the first one is the expensive mistake, because it is the one that gets the entity flagged.
The window for filing the annual registration of outstanding equity interests for the previous year. Late filing is recorded and carries consequences.
Each cross-border receipt, payment and registration needs to be consistent with the underlying transaction at the time it occurs.
Conversions, outward remittances and capital changes are smoother when the underlying registration is clean. We check it before you need it.
Scope of services
Written out in detail on purpose. If you are comparing firms, this is the list to put side by side with theirs.
Deliverables
Line-by-line tie-out of cross-border activity to registrations and bank records.
Every mismatch found, why it happened, and what correcting it involves.
The prepared position and supporting documents, ready to submit through the capital account system.
A clean schedule of every loan: amount, term, rate, interest accrued and registration status.
A short English summary of the entity's foreign-exchange position, written for a non-China reader.
We answer follow-up questions from the authorities and your bank for a stated period after the filing.
Process
Entity type, what has been requested, and when it is due. One email is enough to start.
We come back within one business day with a written scope, a fixed fee and dates.
One document request list. We work from it, and visit site only where the work genuinely needs it.
Signed output in English or bilingual, plus support through whatever filing follows.
Fees
Fixed, in writing, before fieldwork starts. The drivers below are the ones that actually move the number — we tell you which of them apply to you in the first reply, not after you have signed.
FAQ
The annual inspection itself was abolished in 2015 and replaced by an annual registration of outstanding equity interests, filed through the capital account system. The obligation did not disappear; it changed form and moved online.
The entity is flagged in the foreign-exchange system, which typically restricts capital account transactions until it is corrected. Correcting it later costs more than filing on time.
It is the most common problem we see, and yes it needs fixing, because it blocks related transactions. We identify it, explain what caused it, and tell you what correcting it involves.
We prepare the audit position and the supporting pack and support you through the filing. The submission itself is made through the entity's own capital account access.
Yes. Reports and correspondence are in English. We can also work directly in Chinese with your local finance staff and keep your reporting in English.
Most entities only discover a mismatch when a transaction is blocked. Send us the capital account statements and we will tell you where you stand.