Why do foreign currency remittance companies declare to banks?
Due to the implementation of foreign exchange control in China, the foreign exchange business of domestic capital projects is directly managed by the foreign exchange bureau (in which capital settlement is authorized by the bank), and the foreign exchange business of current projects is directly handled by the bank. Among them, the purchase and payment of foreign exchange in special service trade is more than USD 654.38+million, the withdrawal of cash is more than USD 654.38+million, the payment of commission is USD 654.38+million, and 654.38+00% of the contract amount needs the approval of the foreign exchange bureau.