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PNC China

Resources for Business Success in China.


How PNC Can Help You Succeed in China

China is a key trading counterparty for many countries and is an important market for many companies around the world.  As the economic influence of China and its currency - the renminbi (RMB) - on international commerce grows, PNC offers solutions and resources to help you succeed in this vital market.

We can help you take advantage of the growing role of the RMB in international trade with hedging tools and payment options to help you manage risk, improve your competitive position, and increase profitability. In addition, PNC’s Shanghai Representative Office provides support and insight to help U.S. companies navigate the day-to-day challenges of doing business in a changing China.


A Strategic Approach to Your China Business

According to SWIFT, renminbi is currently the fifth largest global payments currency, making it an increasingly significant component of international trade.[1]

Pay in local currency to potentially lower your costs and improve payment terms.

  • The administrative cost of paying in US dollars can be 2% to 3% higher than dealing in local currency.
  • Suppliers who invoice in renminbi no longer have to build in a buffer for potential exchange rate movements.
  • A highly liquid renminbi forward market facilitates hedging your currency risk.
  • Easily use renminbi in payments in and out of China.
  • Make spot and forward payments in renminbi.
  • Purchase and sell renminbi on behalf of companies doing business in China.
  • Structure deliverable forward hedges denominated in renminbi for payment into mainland China.

Take advantage of cost reduction while managing currency risk.

  • Increase the effectiveness and decrease the overall cost of hedging with deliverable forward and option strategies.
  • Manage onshore renminbi (CNY) exposures through non-deliverable forwards.
  • Hedge renminbi payables or receivables readily in a highly liquid market to keep the cost of hedging low.


Internacionalización del renminbi chino:
Guía de acontecimientos recientes

Various transactions, including but not limited to trade (goods trade, service trade), cross border lending/borrowing, profit repatriation, registered capital injection, can now transact and settle in RMB. The RMB now trades directly against most major currencies, adding depth to the RMB foreign exchange market. Learn More »


Solutions to Help You Succeed

PNC Multicurrency Accounts

PNC's multicurrency accounts can help you make it easy to manage and move money denominated in different currencies without the need to open accounts with foreign banks.

  • Streamline your Chinese cash flow by setting up a demand deposit account (DDA) that holds Chinese renminbi instead of U.S dollars.
  • Easily view deposit and withdrawal details through PINACLE®, PNC's top-rated online corporate banking portal.
    Más información»

PNC’s Import and Export Services

Support and simplify your international commercial goods purchases and sales. PNC’s Import and Export services can help you:

  • Streamline document exchange.
  • Reduce payment or collection risks.
  • Facilitate your financial transactions.

Más información »

RMB Payments Capability

PNC offers the ability to initiate and receive cross-border payments in the RMB currency.

  • RMB payments may be initiated from and received into a USD demand deposit account or PNC multi-currency accounts, including in the RMB currency.
  • Foreign Exchange hedging solutions are available to mitigate risk associated with currency fluctuations.


China Banking Referrals

PNC can help you open and manage accounts with a local banking institution in China.

  • PNC can facilitate introductions for in-country accounts that are handled directly between client and foreign bank.
  • Our team serves as the intermediary between you and the member bank and can assist you with understanding the process and completing the documentation.

China Insights[2]

Volverse internacional

Cómo navegar por las regulaciones de China referentes al comercio internacional de productos

Este artículo ayuda a proporcionar una comprensión general sobre las regulaciones comerciales básicas de cambio de divisas para las compañías que se involucran en el comercio transfronterizo de productos.

Lectura de 5 minutos

Volverse internacional

Los impuestos en China: una guía de referencia rápida

Una vez que tu compañía se establezca en China, estará sujeta a impuestos y regulaciones. Obtén más información con esta guía de referencia rápida.

Lectura de 2 minutos

Volverse internacional

Cómo establecer una entidad jurídica en China

Al ingresar al mercado chino, el primer paso implica constituir y registrar tu compañía como entidad jurídica.

Lectura de 4 minutos

Deep Local Knowledge

PNC’s Shanghai Representative Office provides on-the-ground insight and support to help U.S. companies navigate the day-to-day challenges of doing business in China. Individuals with deep local knowledge and fluency in both English and Mandarin can:

  • Provide guidance with selecting and opening local bank accounts & with advice on the process and intricacies of obtaining financing from banks in China
  • Provide guidance on China banking regulations and market/business environment.
  • Setup introductions to local government and industrial zone officials, development offices, banks, accounting and law firms, the State Administration of Foreign Exchange (SAFE) and other local resources.
  • Deliver business news/updates and in-depth analyses on key economic news and development.
  • Help to connect you with parties that can assist with banking- or China-related issues, including status of wire transfers, documentary collections, and standby letters of credit by utilizing existing correspondent banks networks and contacts.


PNC Shanghai Representative Office

Grace Zhu

Chief Representative

Leer la biografía »



Jenny Xu

Deputy Representative

Leer la biografía »



Grace Zhu
Chief Representative

Grace Zhu, Chief Representative is responsible for PNC’s business in mainland China and Hong Kong.

She has more than 28 years’ experience in the banking industry in Shanghai including check clearing, payments, cash management, trade finance and loans business. She is familiar with the China banking regulation and has long term good relationship with the banks in China. Prior to joining PNC Bank, she served HSBC, American Express Bank and Standard Chartered Bank.

Zhu tiene una licenciatura en finanzas e impuestos de la Universidad de Finanzas y Economía de Shanghái y una maestría en administración de empresas que obtuvo a través de un programa conjunto entre la Universidad de Finanzas y Economía de Shanghái y Webster University.

Jenny Xu
Deputy Representative

Jenny Xu, Deputy Representative, has worked in the SRO for 8 years and has handled customer inquiries, including cross boarder payment, L.C., guarantee and additional areas. She also handles validation and collects news and information regarding projects, companies or markets in which the customers has been involved.

Xu es licenciada en inglés y economía de la Universidad de Ciencias Políticas y Leyes de China Oriental y de la Universidad Normal de China Oriental. Habla con fluidez mandarín e inglés.

PNC’s Shanghai Representative Office:

+86-21-6335 0268

1. ** Source: RMB Tracker, abril de 2023
2. La información y los materiales se prepararon sólo para fines de información general, por lo que no pretenden ser consejos legales, fiscales o contables, ni recomendaciones para llevar a cabo ninguna transacción específica, incluso con respecto a los valores de PNC, ni pretenden ser exhaustivos. En ninguna circunstancia se debe utilizar o considerar cualquier información contenida en dichos materiales como una oferta o compromiso, o una solicitud de oferta o compromiso, para participar en una transacción o estrategia en particular. Podrá confiar en la información proporcionada bajo su total y exclusiva responsabilidad. Por favor, consulte con su asesor legal, contable u otro asesor sobre su situación particular. Las opiniones expresadas en dichos materiales están sujetas a cambio sin aviso previo.

La Oficina de Representación de PNC Bank, NA (“PNC”) en Shanghái fue aprobada por la Comisión Regulatoria Bancaria de China el 16 de abril de 2008. La oficina de PNC en Shanghái tiene prohibido involucrarse en cualquier forma de actividad empresarial operativa en cumplimiento con las disposiciones de la República Popular China sobre la Administración de Bancos con Fondos Extranjeros dadas a conocer por el Consejo Estatal. Por esta razón, la Oficina de Representación de PNC en Shanghái no acepta depósitos, no suscribe préstamos ni emite créditos de ningún tipo, ni vende productos de administración patrimonial en China. Las actividades de este tipo en China que utilicen la razón social o las marcas registradas de PNC no están autorizadas por PNC.

Earnings Credit and Interest eligibility and rate are variable and subject to change at any time without notice or limit. PNC reserves the right to charge an Account Balance Fee on certain currencies. Foreign exchange restrictions may apply.

Lea un resumen de los derechos de privacidad para residentes de California, el cual describe los tipos de información que recabamos, así como la manera en que utilizamos dicha información y el motivo por el cual la utilizamos.

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