Corporate current deposit refers to a type of corporate deposit where corporate clients deposit renminbi or foreign currency in the bank without a pre-agreed term, allowing deposits and withdrawals at any time. Interest is calculated based on the current deposit interest rate publicly posted by Bank of China or the interest rate agreed upon with the client. The currency types include RMB, US dollar, Hong Kong dollar, Japanese yen, British pound, Swiss franc, Australian dollar, Canadian dollar, euro and Singapore dollar. Other freely convertible foreign currencies can be converted into the above-mentioned currencies at the foreign exchange rate on the date of the deposit.

Interest accrues based on the current deposit interest rate announced by BOC. Interest is calculated on a daily basis and settled quarterly; the interest settlement date is the 20th day of the last month of each quarter. If the interest rate is adjusted during the interest calculation period, interest will be calculated in segments according to the adjusted rates.

Please bring valid certificates and relevant account opening documents to the counter of a BOC branch to open a current deposit account. For specific account opening documents and procedures, please consult the local BOC branch.