Settlement of foreign exchange is to convert foreign currency into RMB. If your company has other business that needs to be paid abroad, you can not settle foreign exchange or only part of it, and save it when you need to pay to reduce the loss of exchange difference.

Although there is no need to settle foreign exchange, foreign-related income is still to be declared. Otherwise, the money can only be used for verification in your company's account. After the declaration, the money can be transferred to the general foreign exchange account, and then the settlement can be made or not.

A few years ago, the foreign exchange bureau supervised the current account. . . ) is the settlement of foreign exchange within the prescribed time limit, and the settlement is reviewed. At that time, the country was still trying to expand its foreign exchange reserves, so you were required to check the legality of the money when you settled the foreign exchange.

Now it is required to transfer the money to the account to be verified when collecting money, and then transfer it to the general foreign exchange account after completing the declaration procedures. There are too many foreign exchange reserves, which should be reviewed when collecting money. After the audit, they don't care whether you settle foreign exchange or not. It would be nice if they didn't get married, reducing the pressure on their foreign exchange reserves.