Does China use swift codes?
China uses SWIFT codes but does not use the IBAN system. When making an international transfer to a bank in China, you must use a SWIFT BIC (Bank Identification Code) to identify the beneficiary’s bank. In addition to the SWIFT BIC, you are often required to include a CNAPS code, which is an internal Chinese clearing code used for the local processing of transactions within China. Since China has no standard account structure equivalent to the IBAN, you should not look for an IBAN for a Chinese recipient, as it does not exist. Instead, ensure you have the correct bank name, the recipient's full legal name, the correct SWIFT BIC, and, where applicable, the specific CNAPS code for the beneficiary's branch. Providing these details correctly is vital, as the lack of IBAN standardization in China requires manual verification of the beneficiary’s routing details by the sending and receiving institutions.
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