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Aspire launches local CNY payouts to China for Hong Kong businesses

Content Team

January 22, 2026

Aspire launches local CNY payouts to China for Hong Kong businesses

Aspire has launched local Chinese Yuan (CNY) payouts to China, giving businesses in Hong Kong a faster, simpler way to pay suppliers in Mainland China or bring funds back into their own accounts.

With this new capability, Aspire customers can send CNY directly to Chinese bank accounts via local rails, avoiding slow and costly SWIFT transfers. Funds arrive the same day, with a transparent 0.1% fee and high transfer limits to support larger supplier payments — all while meeting local regulatory requirements.

Why it matters

Many suppliers in China face strict controls when receiving foreign currency, often requiring additional conversion steps before funds can be accessed. Aspire’s local CNY payouts remove this friction by ensuring suppliers receive funds directly in CNY, helping businesses maintain smoother operations, healthier cash flow, and stronger supplier relationships.

Beyond supplier payments, the feature also supports businesses looking to return revenue back into China, enabling a seamless, cost-efficient way to move funds home in local currency.

Key benefits

Same-day settlement for faster order processing
High transfer limits (up to CNY 350,000 per transfer)
Local delivery in CNY, no SWIFT delays or hidden fees
0.1% transparent pricing
Ability to receive funds back into your own or UBO’s China account

Local CNY payouts are now available to all Aspire customers in Hong Kong for supplier payments and returning funds to their own individual accounts in China. Support for CNY payments for services will be introduced in a future phase.

This blog is for general information only and does not constitute financial, legal, tax, or professional advice. Aspire’s services are subject to the terms outlined in our 'Terms of Service' and 'Pricing' pages. We make no guarantees as to the accuracy, completeness, or timeliness of the content, and past results do not indicate future performance. Always consult a qualified professional before acting on any information provided.

Content Team

Aspire editorial

Content team at Aspire is a society of seasoned writers & experts specialising in finance, technology and SaaS space. With 50+ years of collective experience, they help make business finance more profitable for readers. They write about finance tools, finance insights, industry trends, tactical guides to grow your business & also all things Aspire.