Is the flow of funds in offshore account not monitored by the State Administration of Foreign Exchange? Are there any restrictions?

Offshore account has an independent offshore department in the bank, which is offshore account and is not subject to the supervision of the domestic foreign exchange bureau.

There are no restrictions on foreign exchange collection, and you can also transfer money freely. Mainly engaged in foreign currency, not RMB business.

In China, the NRA account is the opposite. This kind of company has a record, foreign exchange import and export is controlled, and can operate RMB business.