Legal analysis: Go to the local branch of the State Administration of Foreign Exchange and the foreign exchange management department to apply for a personal foreign exchange franchise business license.

Legal basis: Provisional Regulations of People's Republic of China (PRC) on Foreign Exchange Control Article 3 People's Republic of China (PRC) implements the policy of centralized state management and unified operation of foreign exchange. The administration of foreign exchange in People's Republic of China (PRC) is the State Administration of Foreign Exchange and its branches. The specialized foreign exchange bank in People's Republic of China (PRC) is China Bank. Without the approval of the State Administration of Foreign Exchange, other financial institutions may not engage in foreign exchange business.