A natural person holding a China passport may not apply for individual purchase of foreign exchange without obtaining permanent residency abroad.
Of course. According to the inquiry of official website of the State Administration of Foreign Exchange, individuals' foreign exchange purchase business targets include domestic natural persons in People's Republic of China (PRC) and domestic natural persons who have not obtained permanent residency abroad and hold China passports. Personal foreign exchange purchase business includes overseas travel, pilgrimage, visiting relatives and friends, overseas medical treatment, self-funded study abroad, other overseas study, business investigation, overseas training, employment, overseas settlement, international exchange, and overseas labor services.