The State Administration of Foreign Exchange Tianjin sub-branch issued a notice,
effective June 15, 2026, to streamline refund procedures for foreign countries
institutions' onshore foreign-exchange NRA (non-resident) accounts to facilitate
cross-border trade and investment in the free-trade pilot zone. For
NRA-originated payments to domestic accounts that are returned for objective
reasons, the converting bank may temporarily park funds in an internal account
to avoid FX losses; if unresolved within 24 hours the bank will repurchase
foreign exchange and return the funds via the original route.
