The Chinese management regulation for capital bank account may be very different from your country.
At present, domestic companies don’t need to open a capital bank. However, WOFE(s) or JV(s) still need to open a capital bank account when injecting capital.
When you pay the capital to capital bank account, please note that:
1. The purpose of the remittance is for capital or investment must be written in the remittance paper.
2. According to Chinese foreign currency management regulations, when use the money in the capital account, the company needs to provide necessary proof like fapiao, purchase agreement for bank checking.