Legal analysis: individual foreign exchange settlement and domestic individual foreign exchange purchase are subject to annual total management. The annual total is equivalent to 50,000 dollars per person per year. The State Administration of Foreign Exchange may adjust the annual total according to the balance of payments.

Legal basis: Detailed Rules for the Implementation of the Measures for the Administration of Personal Foreign Exchange.

Article 2 Individual foreign exchange settlement and domestic individual foreign exchange purchase shall be subject to annual total management. The annual total is equivalent to 50,000 dollars per person per year. The State Administration of Foreign Exchange may adjust the annual total according to the balance of payments.

The settlement and purchase of foreign exchange within the individual's annual total amount shall be handled at the bank with his valid identity certificate; If it exceeds the annual total, it shall be handled in accordance with Articles 10, 11 and 12 of these Rules under the current account, and in accordance with the relevant provisions of "Personal Foreign Exchange Management in Capital Account" of these Rules under the capital account.

Article 3 Foreign exchange purchased by individuals may be remitted abroad, deposited in foreign exchange savings accounts or taken out of the country according to regulations.

Article 4 individuals may entrust their immediate family members to handle the purchase and settlement of foreign exchange within the annual total; Overseas individuals who purchase foreign exchange, settle foreign exchange and purchase foreign exchange in excess of the annual total amount may entrust others to handle it according to the provisions of these Detailed Rules with relevant certification materials.