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CNY – Chinese Yuan/Renminbi


Payments toward mainland China (onshore):

• Payments in Chinese Yuan / Renminbi toward mainland China are considered to be regulated and complex.

• Cross-border payments in CNY toward mainland China are only authorised for capital, commercial and similar transactions.

• Cross-border payments in CNY from corporates outside China to individuals located in mainland China are possible, using one of the following purpose codes: /PAYT/02112, /PAYT/02114 or /PAYT/02125. However, cross-border payments in CNY initiated by individuals are not permitted.

• To avoid any payment delay/rejection, please make sure to split the benefeciary's name and address. Two options are available:

  • Use SWIFT field 59 Option F. Or
  • Add "ADD." just in front of the address if you are using SWIFT field 59

• Regulations change frequently: please contact your Account Manager for the latest status or any specific request.

Payments outside mainland China (offshore):

• Payments in CNY outside mainland China are not subject to rules described above and are considered to be highly standardised.

Currency Guidelines
Payments in CNY toward mainland China

Payments in CNY toward mainland China are processed through the Chinese local clearing, called CNAPS (China National Advanced Payment System), which uses specific codes and information.

Besides the standard information, the full name (written out in full, without initials, abbreviations or acronyms) of the beneficiary is mandatory, to reduce ambiguity linked with homonyms. The beneficiary’s physical full address is recommended but if mentioned, should be instructed as follow in order to avoid payment rejections. Please make sure to split the full name and the full address. In order to do so, you have two options:

  • Field 59, Option F (59F) : use the structured format provided by option F.
  • Field 59, No Option (59) : please add "ADD" just in front of the address.

The beneficiary's bank name is mandatory while the beneficiary's bank address is optional.

A clearing code, known as the CNAPS routing code, is mandatory: this code describes the exact branch location of the beneficiary's bank. Providing BIC code in addition to CNAPS code is highly recommended but not mandatory.

In case the CNAPS routing code is not provided, BIC code (branch identifier included, if available) of the beneficiary’s bank becomes mandatory. In order to facilitate the process, it is also recommended to add the full address (exact branch location) of the beneficiary's bank in the remittance information. The derivation process of the CNAPS routing code from BIC code is a manual process and is done on a best effort basis; as such, the payment may be subject to delays.

Example of the CNAPS routing code of BNP Paribas China Ltd - Shanghai branch: 782290000018

A CNAPS purpose of payment code (see Appendix III) is also needed for regulatory reporting to the People’s Bank of China. This code is mandatory.

Example of a CNAPS purpose of payment code: PAYT/02114 for contracted services (used for e.g. payments towards individuals in Mainland China)

In case the CNPAS purpose of payment code equals 02125 or 02127, a clear reason / purpose of payment is mandatory and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.

Example: Payment of travel expenses – invoice n° 123456789

Moreover, it is recommended to provide the beneficiary’s telephone number in the remittance information.

Payments in CNY outside mainland China

Standard information

Instructions, technical guidelines & more

To consult the Technical Guidelines of this currency, click here


To consult the Appendix(es) click here

Appendix III: Purpose of Payment Codes (CNY)
Additional information

• Available charge option: OUR/SHA/BEN

• Central bank of China: