The State Administration of Foreign Exchange issued relevant notices to cancel the quota of foreign exchange accounts in current account of domestic institutions, and domestic institutions can retain foreign exchange income in current account according to their own business needs. This notice shall come into force as of the date of promulgation. The Notice on Retaining Foreign Exchange Income in Current Account by Domestic Institutions shows that banks should stop using the "quota management" function of the foreign exchange account management information system when opening foreign exchange accounts and handling foreign exchange receipts and payments for domestic institutions, and banks should submit information such as current account foreign exchange accounts and foreign exchange receipts and payments to the local foreign exchange bureaus as required.