According to Article 5 of the Measures for the Administration of Personal Foreign Exchange, individuals shall handle relevant foreign exchange business in accordance with the provisions of these Measures. Banks shall handle foreign exchange receipts and payments, settlement and sale of foreign exchange and open foreign exchange accounts for individuals in accordance with the provisions of these Measures, and examine the authenticity of valid identity documents and relevant certification materials submitted by individuals. Remittance agencies and foreign currency exchange agencies (including exchange points) handle personal foreign exchange business for individuals in accordance with the provisions of these Measures.
Article 9 Individual settlement of foreign exchange and domestic individual purchase of foreign exchange shall be subject to annual total management. Within the total annual amount, it shall be handled in the bank with my valid identity certificate; If it exceeds the annual total, it shall be handled in the bank with my valid identity certificate and relevant certificates of the transaction amount under the current account, and under the capital account, it shall be handled in accordance with the relevant provisions of Chapter III.
Extended data:
Article 12 of the Measures for the Administration of Personal Foreign Exchange: If a domestic individual remits foreign exchange for current account expenses abroad, and the single or accumulated remittance amount on that day is less than the specified amount, he shall go to the bank with his valid identity certificate; If a single remittance or the accumulated remittance on the same day exceeds the specified amount, it shall be handled at the bank with my valid identity certificate and relevant proof of the transaction amount.
Article 13 An overseas individual may purchase foreign exchange and remit it in a bank with his valid identity certificate and relevant supporting materials.
Baidu Encyclopedia-Personal Foreign Exchange Management Measures