The examination and approval authority for opening foreign exchange accounts is the State Administration of Foreign Exchange. Before opening a foreign exchange account, all domestic institutions must go through the examination and approval procedures with the State Administration of Foreign Exchange, and open an account with a bank on the strength of the Approval Document for Opening a Current Account (or Capital Account) issued by the Foreign Exchange Bureau.

So since your company has opened a foreign currency account, it means that your company has filed with the State Administration of Foreign Exchange. Because handling a foreign currency account requires an "account opening approval document" issued by the SAFE, it is allowed to open a foreign currency account.