Banks can handle foreign exchange business as long as they hold the foreign exchange business license issued by the People's Bank of China, such as the five major state-owned banks: Industrial and Commercial Bank of China, China Construction Bank, Bank of China, Agricultural Bank and Bank of Communications; Some joint-stock banks: China Merchants Bank, China CITIC Bank, Industrial Bank and Shanghai Pudong Development Bank.

Detailed description of foreign currency exchange:

1, procedures for purchasing foreign currency

If the freely convertible currencies held by Hong Kong, Macao, Taiwan, overseas Chinese and foreigners need to be converted into RMB, they can go to the bank business department to exchange them with their valid identity documents.

2. Procedures for selling foreign currency

Personnel from Hong Kong, Macao and Taiwan, overseas Chinese and foreigners who hold unused RMB and want to exchange foreign currency may be allowed to exchange foreign currency in one lump sum on the basis of a foreign currency memo valid for 6 months from the date of issuance.

3. Procedures for selling foreign currency

Hong Kong, Macao, Taiwan, overseas Chinese and foreigners can exchange one foreign currency into another.

Extended data:

Individuals who purchase foreign exchange in excess in China Bank need to provide the following authentic documents.

1. Tuition and living expenses for studying abroad at my own expense: I have a private passport and a valid visa (or endorsement); Notice of admission to overseas schools (no need to provide tuition or living expenses after the second academic year or semester); Proof of tuition or living expenses of overseas schools in the corresponding year or semester.

2. Overseas medical treatment: I have a private passport and a valid visa (or endorsement); A certificate issued by a domestic hospital with a doctor's opinion; Proof of expenses issued by overseas hospitals.

3. Overseas training: I have a private passport and a valid visa (or endorsement); Proof of overseas training expenses.

4. Payment of membership fees of overseas international organizations: notice of payment by overseas international organizations.

5. Overseas immediate family assistance: a certificate of kinship issued by the relevant department or notary office; Relevant certification materials related to the rescue.

6. Overseas mail order: charge vouchers such as advertisements or orders are downloaded online.

7. Overseas consultation: contracts (agreements), invoices (payment notices), tax vouchers, etc.

Baidu encyclopedia-foreign currency exchange

Bank of China-Individual Purchase of Foreign Exchange