How does the company receive foreign remittance (foreign currency) and convert it into RMB?

First, the advance payment is received through the bank's foreign currency account. Upon receipt, register the prepayment contract and prepayment withdrawal registration on the online service platform of the State Administration of Foreign Exchange. Then, you can enter your company's electronic port to apply for foreign exchange collection, so that you can convert US dollars into RMB, transfer it to your RMB account and use the money.