Bank of China: To open a foreign exchange account for the first time, you need to register the basic information of the account holder with SAFE or the bank in advance. According to the difference between current account and capital account, the materials and procedures required for handling foreign exchange accounts are also different. According to the current relevant regulations, if there is a reasonable demand for foreign exchange payment under the current account, it can be paid by selling foreign exchange through basic or general households; The income under general goods trade needs to enter the account for verification first. Foreign exchange business under capital account shall be handled in accordance with relevant foreign exchange policies and regulations on capital account. China Merchants Bank: To open a foreign exchange account, in addition to providing relevant documents required by basic deposit account, one of the following documents must be issued to the bank: approved by the State Administration of Foreign Exchange; Foreign exchange registration certificate of foreign-invested enterprises (foreign-invested enterprises only).

Foreign currency accounts are mainly special accounts for various loans, direct investment and securities investment under capital projects, which can be used for current account expenditures or capital account expenditures. Detailed accounts include: capital account, foreign exchange loan account of domestic financial institutions, foreign debt account, debt service account, stock account, etc.