NRAAccount, Chinese name "Foreign Exchange Account of overseas institutions in China" (Non-Resident Account), refers to the domestic foreign exchange accounts opened by overseas institutions in domestic banks according to regulations, which can be opened by basically all domestic banks (such as the Big Four banks, Standard Chartered Bank, Overseas Chinese Yong Hang, etc.). It is supervised by the State Administration of Foreign Exchange and the People's Bank of China.

OSAAccount, Chinese name "Offshore Account" (OFFSHORE ACCOUNT), belongs to the overseas account, refers to the overseas legal or natural person and government agencies,On the basis of obtaining the qualifications for offshore banking operations in accordance with the law,A bank account opened when conducting business with a domestic bank,That is, a bank account opened in a country other than the one where the depositor lives. Those who have the right to open offshore accounts after approval by the Banking Regulatory Bureau are: Ping An Bank, China Merchants Bank, Shanghai Pudong Development Bank, Bank of Communications, The Bank Regulatory Bureau is responsible for supervision, and the supervision is less subject to external management policies. There is no need to occupy the foreign debt index, and the funds are free to come and go. Basically, they are not subject to the supervision of external management policies, and there are no RMB accounts in offshore banks.

FTNFree Trade Account for Foreign Institutions (Free Trade Non-resident), is one of the free trade accounts launched in the Shanghai Pilot Free Trade Zone. Applicable to overseas institutions, accounts can only be opened in financial institutions within the Shanghai Free Trade Zone, and cannot be opened within the customs. It belongs to overseas accounts and is supervised by the People's Bank of China and Shanghai Free Trade Zone.

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