At present, FFIs have become an important part of China's financial system.

目前，外资金融机构已成为中国金融体系中的一支重要力量。

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Final Regulations include a step-by-step process for U.S. account identification, information reporting, and withholding by FFIs.

FORBES: US and Switzerland Sign New FATCA Agreement

Foreign financial institutions (FFIs) and U.S. withholding agents are given extra time to implement systems to comply.

FORBES: Expats Call For FATCA Repeal

Withhold a 30% tax on certain payments to non-participating FFIs and account holders unwilling to provide the required information.

FORBES: Expats Call For FATCA Repeal