Is it illegal to collect foreign exchange, Aquinas: That depends on which method you use.

At present, the foreign exchange companies in China are all foreign-funded companies, as long as the regulated formal platforms are legal, because the government does not interfere with citizens' personal investment, and trading behavior has not occurred in China.

There are two main channels for China investors to invest in the foreign exchange market. One is to make a firm offer for foreign exchange opened by domestic banks, and the other is to directly open an account abroad for foreign exchange margin business through the domestic agent of overseas dealers.

It must be exchanged at a bank designated by the state. It is illegal to change money elsewhere.

Designated foreign exchange banks refer to China Bank, China Industrial and Commercial Bank, China Agricultural Bank, China Construction Bank and other commercial banks approved by the state to engage in foreign exchange business. It is illegal to exchange foreign currency in places other than designated foreign exchange banks and legal foreign exchange exchange points.