China implements foreign exchange control, and the foreign exchange business of domestic capital projects is directly managed by the foreign exchange bureau (in which the capital settlement is authorized by the bank), and the foreign exchange business of current projects is directly handled by the bank. Among them, the purchase and payment of foreign exchange in special service trade is more than USD 654.38+million, the withdrawal of cash is more than USD 654.38+million, the payment of commission is USD 654.38+million, and 654.38+00% of the contract amount needs the approval of the foreign exchange bureau.
Extended data
The six major prohibitions for domestic individuals to purchase foreign exchange include:
1. Personal repurchase information shall not be falsely declared;
2. No false certification materials shall be provided;
3. Do not lend my convenience bank to help others purchase foreign exchange;
4. Do not borrow other people's convenience line to implement split purchase of foreign exchange;
5. It shall not be used for overseas purchase of houses, investment in securities, purchase of life insurance, investment in dividend return insurance and other capital projects that are not yet open;
6. Do not participate in illegal activities such as money laundering, tax evasion, and underground banking transactions.
Refer to Baidu Encyclopedia-Purchasing Foreign Exchange