Are they considered independent contractors or do you pay them through a Chinese subsidiary? I'm looking into issue currently and all the bureaucracy (on both sides) is driving me mad.
Arguably the easiest thing to do from the China side is to pay people with a normal international payment via SWIFT in USD. Benefits for them include: they get to store their cash in USD, they can convert USD to CNY or whatever else at leisure, they can always exfiltrate funds.
Another option is to open an international account link with HSBC so that you can ping money from the US to China quickly, then pay out locally. However foreign banks including HSBC have strict rules on what they are allowed to do in country so you may need to do a bit more shuffling to make this route happen.
Recommended domestic bank (Shenzhen based) is China Merchant's Bank.
Another option is to open an international account link with HSBC so that you can ping money from the US to China quickly, then pay out locally. However foreign banks including HSBC have strict rules on what they are allowed to do in country so you may need to do a bit more shuffling to make this route happen.
Recommended domestic bank (Shenzhen based) is China Merchant's Bank.