The latest regulations on bank confirmation letters 2022

On December 8, the Industrial and Commercial Bank of China, China Construction Bank, and Bank of China respectively issued notices on adjusting the charging standards for bank confirmation letters, and on adjusting the charging standards for bank confirmation letters and capital contribution reports of our bank. Announcement of preferential measures and announcement on adjustment of fee standards for confirmation letters.

The Industrial and Commercial Bank of China’s announcement on adjusting the charging standards for bank confirmation letters stated that in order to continue to increase fee reductions, benefit enterprises and the people, and strongly support the high-quality development of the real economy, at the same time, in response to the Chinese banking industry According to the requirements of the association's "Proposal on Regulating Charges for Bank Confirmation Business", our bank decided to adjust the charging standards and preferential measures for bank confirmation business in the "Industrial and Commercial Bank of China Service Price List", in accordance with the relevant provisions of the "Commercial Bank Service Price Management Measures" , the notice is as follows:

From January 1, 2022, bank confirmation letter (unit) business: 200 yuan/copy. Electronic confirmation letters are charged at a 10% discount. For small and micro enterprises that comply with the "Notice on Issuing Standards for Classification of Small and Medium-sized Enterprises" (Ministry of Industry and Information Technology [2011] No. 300) of the Ministry of Industry and Information Technology, the National Bureau of Statistics, the National Development and Reform Commission, and the Ministry of Finance, fees for bank confirmation letters will be cancelled. For specific preferential items, service prices and preferential policies, please refer to the "Industrial and Commercial Bank of China Service Price List" announced by our bank on January 1, 2022.

China Construction Bank’s announcement on adjusting the charging standards and preferential measures for bank confirmation letters and capital contribution reports stated that in order to continue to increase fee reductions, benefit enterprises and the people, and effectively support the high quality of the real economy development, our bank actively responds to the requirements of the China Banking Association's "Proposal on Standardizing Bank Confirmation Service Charges" and plans to adjust the "Bank Inquiry Letter, Bank Confirmation Letter, The charging standards and preferential measures for "Capital Contribution Report" will take effect from 0:00 on January 1, 2022. For details of the adjustment, please refer to the announcement in the "Price List for Corporate Customer Services".

The announcement of the Bank of China on adjusting the charging standards for confirmation inquiry letters stated that in order to implement the "Opinions of the General Office of the State Council on Further Standardizing the Financial Audit Order and Promoting the Healthy Development of the Certified Public Accountant Industry" (issued by the State Council [Office of the State Council] 2021〕No. 30) to standardize the work requirements for bank confirmation fees, actively respond to the call of the China Banking Association's "Proposal on Standardizing Bank Correspondence Service Fees", and effectively provide profits to enterprises and serve the real economy well. Since January 2022 Starting from the 1st, our bank will adjust the service fee standard for confirmation inquiry letters, specifically: 200 yuan per inquiry letter, and small and micro enterprises will be exempted from the inquiry letter handling fee.