The exchange rate of RMB against the US dollar fell to around "7", and foreign exchange reserves approached 3 trillion. Under this circumstance, the market speculated that the regulatory authorities would adjust the individual foreign exchange purchase policy, which also triggered the concerns of some ordinary investors.
The State Administration of Foreign Exchange issued an answer to a reporter's question, clarifying that there is no change in the convenient amount of $50,000 per year for individuals to purchase foreign exchange. At the same time, it is reiterated that the purchase of foreign exchange by individuals can only be used for external payment under the current account, and the foreign investment under the individual capital project can only be made through QDII and other specified channels.
Xie, director of the Macro Research Center of China Merchants Securities, pointed out that the "50,000 USD quota" has not changed. The foreign exchange bureau only emphasized the truthful declaration and spot check afterwards, but did not tighten the capital control. Individuals' normal and legitimate demand for foreign exchange purchase will not be affected.
"Some fast-moving banks have joined the voluntary declaration of individuals in this process." He said, "As long as you provide proof, you can buy foreign exchange under the current account of more than 50,000 yuan, such as traveling and studying abroad."
Tu Yonghong, deputy director of the International Monetary Research Institute of Renmin University of China, also pointed out clearly that capital controls have not been strengthened. "In the past, personal foreign exchange also needed a real background, but some banks may not strictly enforce it. Now it is equivalent to asking for work at the executive level. "
At the same time, she pointed out that it should be noted that the "propaganda" of the foreign exchange bureau is equivalent to responding to the question of whether foreign exchange control should be retrogressed. "The speech of the foreign exchange bureau shows that the tone of our opening to the outside world has not changed, and the policy of purchasing foreign exchange under the current account has not changed. Moreover, the' 50,000 quota' has not changed, which also shows the confidence of the regulatory authorities in foreign exchange supply and RMB, "she said.
People's Daily Online-The policy of personal 50,000 quota has not changed. Experts remind mo to blindly follow suit and exchange foreign exchange.