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Can foreigners exchange RMB at will in banks in China?
Yes, the purchase of foreign exchange from legitimate RMB income in current account and unused RMB by overseas individuals shall be handled in accordance with the following provisions:

(1) The legitimate RMB income of current account obtained in China shall be purchased with my valid identity certificate and relevant proof materials (including tax vouchers) of the transaction amount. ?

(2) Converting the original RMB that has not been used up into foreign exchange shall be handled with my valid identity certificate and the original exchange memo, which shall be valid within 24 months from the date of exchange.

Before leaving the country, the exchange of the accumulated value of less than $500 (inclusive) at the domestic customs place on that day and the accumulated value of 1000 (inclusive) on that day can be handled with my valid identity certificate. (Note: After the unused RMB is converted into foreign currency, it will be deposited in foreign currency with the nature of bank account)?

(3) The materials for examining and approving the payment of salaries, bonuses, allowances and other RMB income of foreigners include:

① written application?

② My valid passport or identity certificate?

③ Employment certificate

4 RMB income list?

⑤ Tax vouchers.

Extended data

Foreign exchange management is carried out in accordance with national laws, principles and policies promulgated by the government and various rules and regulations. The executor of foreign exchange control is the central bank, the Ministry of Finance or other specialized agencies authorized by the government, such as the Administration of Foreign Exchange.

Natural persons and legal persons targeted by foreign exchange control are usually divided into residents and non-residents. Foreign exchange control laws and regulations in various countries usually have stricter control over residents and looser control over non-residents.

The objects of foreign exchange control include foreign banknotes and coins, foreign currency payment vouchers, foreign currency securities and gold; Some countries also involve silver, platinum and diamonds.

The effective scope of foreign exchange control laws and regulations is generally bounded by the national territory. In countries that set up special zones, some foreign exchange management regulations may not apply to special zones. The degree of foreign exchange control of different currencies in a country may also be different.

The activities targeted by foreign exchange control involve foreign exchange receipts and payments, foreign exchange trading, international lending, foreign exchange allocation and use; Determination of national currency exchange rate; The convertibility of the country's currency; And the cross-border flow of local currency, gold and silver.

There are various means of foreign exchange control, which are generally divided into price control and quantity control: the former refers to various restrictions on the exchange rate of local currency, while the latter refers to foreign exchange rationing control and foreign exchange settlement control.

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