Foreign exchange as mentioned in the Regulations of People's Republic of China (PRC) on Foreign Exchange Control refers to the following means of payment and assets expressed in foreign currencies that can be used for international settlement: (1) Foreign currencies, including banknotes and coins; (2) Foreign currency payment vouchers, including bills, bank deposit vouchers and postal savings vouchers; Foreign currency securities, including government bonds, corporate bonds and stocks; (4) Special drawing rights; (5) Other foreign exchange assets. ?

Foreign exchange management in a broad sense refers to the control and regulation of foreign exchange receipts and payments, transactions, lending, transfer, international settlement, foreign exchange rate and foreign exchange market authorized by a government. In a narrow sense, it means to impose certain restrictions on the exchange of domestic currency and foreign currency. (Source: State Administration of Foreign Exchange website)