Question 2: What does personal firm foreign exchange transaction mean?
Personal firm foreign exchange trading refers to the freely convertible foreign exchange (or foreign currency) transactions conducted by individual customers in banks. Personal foreign exchange transactions are generally divided into firm offer and fake offer. At present, according to the relevant national policies and regulations, only firm foreign exchange trading can be carried out, and false foreign exchange trading cannot be carried out.
Personal firm foreign exchange trading is also called firm trading, because investors must hold enough foreign exchange to trade. Compared with the internationally popular foreign exchange margin trading, it lacks the short selling mechanism and financing leverage mechanism of margin trading, so it is also called firm trading.
Personal firm foreign exchange transaction: commonly known as "foreign exchange treasure", it refers to the free exchange of foreign exchange (or foreign currency) transactions conducted by individual customers in banks through counter service personnel or other electronic financial services.
Personal virtual foreign exchange transaction: refers to the foreign exchange (or foreign currency) transaction in which the transaction amount can be enlarged several times after an individual pays a certain deposit in the bank.
How can personal firm foreign exchange transactions help the public?
Personal firm foreign exchange trading is one of the most effective financial tools for maintaining and increasing the value of personal foreign exchange assets. Because individual investors can't invest in the B-share market and can't convert foreign exchange into RMB, individual firm foreign exchange trading can meet the purpose of maintaining and increasing the value of foreign exchange assets of the general public, so it has become another financial investment hotspot after stocks and bonds.
Who can do personal firm foreign exchange trading?
All domestic residents with valid identity documents, full capacity for civil conduct and a certain amount of foreign exchange (or foreign currency) can conduct individual firm foreign exchange transactions.