Can I use a bank card to purchase foreign exchange in China?
Of course. China Bank Card is the first new payment tool for China Bank to adopt international standards and operate on the Internet, which does not require guarantee and deposit, and does not require credit review. It can open an account in 50 yuan RMB and is widely used in China. Recently, it was jointly launched by Bank of China and VISA International. It is ok to buy foreign exchange with a bank card in China. Foreign exchange is the creditor's rights held by monetary management organs (central bank, monetary management institutions, foreign exchange stabilization fund and Ministry of Finance) in the form of bank deposits, treasury bonds and long-term and short-term government securities. Can be used when the balance of payments is in deficit.