The application for adding branch bank of foreign bank may only be filed one year after the day on which the People's bank of China approved the establishment of its branch for the last time.

外国银行增设分行的申请，应于中国人民银行前次批准设立分行之日起一年后方可提出。

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Hang Seng becomes first foreign bank to open a branch in Dongguan.

恒生成为首间在东莞开设分行的外资银行。

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The head office of a foreign bank shall allocate to its branch in a free convertible currency equivalent to not less than RMB 100 million yuan as working capital.

外国银行分行应当由其总行无偿拨给不少于1亿元人民币等值的自由兑换货币的营运资金。

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To be reportable, the foreign financial account must be physically located outside of the U.S. For example, a financial account maintained in a foreign branch of a U.S. bank is treated as a foreign financial account subject to reporting.

FORBES: IRS Issues Final FBAR Regulations and Revised FBAR Form

Conversely, an account maintained in a U.S. branch of a foreign bank is not a foreign financial account subject to reporting.

FORBES: IRS Issues Final FBAR Regulations and Revised FBAR Form

But must you file an FBAR even if the only foreign account you have is at a foreign branch of a U.S. bank?

FORBES: Even U.S. Branch Accounts Abroad Trigger FBAR!