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Suspension of bank transfer payment options for mainland China customers

May 19th, 2023 shadmin

Due to recent changes in regulations on cross border intra-company transactions and transfer pricing regulations in China, the option to pay invoices to our Shanghai company account at CITIC bank is temporarily suspended. Clients in mainland China will need to pay their invoices through our Alipay account only, or make a wire transfer to our bank account in Hong Kong directly.

Sinohosting will also stop issuing tax invoices (fapiaos) until further notice, as the company is operated from Hong Kong.

We apologize for any inconvenience caused.

The Management

Cycom China Limited