The bank gives you an income and expenditure number (used for withdrawal registration) and comes back to the online service platform for contract registration and withdrawal registration, and then submits paper materials to the foreign exchange bureau to apply for foreign exchange settlement.
Bank settlement:
Enterprises sell foreign exchange income to designated foreign exchange banks at the exchange rate of the day, and banks collect foreign exchange and exchange it in RMB for enterprises. China has been using the foreign exchange settlement system.
Bank settlement means that an enterprise sells its foreign exchange income to a designated foreign exchange bank at the current exchange rate, and the bank collects foreign exchange and converts it into RMB for the enterprise. Since the founding of New China, the foreign exchange settlement system has been implemented.
However, the current foreign exchange settlement system has two characteristics:
First, at the same time of settlement of foreign exchange, the retention and settlement of foreign exchange were cancelled, and the management of foreign exchange quota was cancelled;
Second, the designated foreign exchange banks handle foreign exchange settlement instead of the central bank, and the local currency funds needed for foreign exchange settlement are solved by the designated foreign exchange banks themselves, and the central bank no longer provides them.
Bank of Communications (English BCM, Chinese Bank of Communications) was established in 1908. It is one of the six largest banks in China, one of the oldest banks in China and one of the modern note-issuing banks in China. 1 987 April1day, the newly established Bank of Communications officially opened to the outside world, becoming the first national state-owned joint-stock commercial bank in China, with its head office in Shanghai. Bank of Communications was listed on the Hong Kong Stock Exchange in June 2005 and successfully listed on the Shanghai Stock Exchange in May 2007.
Bank of Communications is one of the major financial service providers in China, covering commercial banks, securities, trusts, financial leasing, fund management, insurance and offshore financial services. There are 235 domestic branches of Bank of Communications, including 30 provincial branches, 7 directly affiliated branches, 99 provincial branches/kloc-0, and 3,270 outlets in 239 cities above prefecture level and 158 counties or county-level cities. It owns seven non-bank companies, including wholly-owned subsidiaries of Bank of Communications Leasing, Bank of Communications Insurance and Bank of Communications Investment, and holding subsidiaries of Bank of Communications Fund, Bank of Communications Guo Xin, Bank of Communications Life Insurance and Bank of Communications International. In addition, Bank of Communications is the largest shareholder of Changshu Rural Commercial Bank and the largest shareholder of Tibet Bank. Strategic shareholding in Hainan Bank, holding four rural banks.
20 19 July, Fortune Global 500 released: ranking 150. "Belt and Road" ranking of China enterprises 100. 20 19 February, 65438 was selected as the brand of China Brand Power Festival 100. In March 2020, it was selected as one of the top 500 global brands.