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Is there a quota for foreigners to settle foreign exchange in China?
Yes, it usually doesn't exceed 50 thousand yuan. If the amount of foreign exchange settlement exceeds US$ 50,000 within one year, it shall be examined and approved by the foreign exchange administration department. The materials you need to provide are my identity certificate and relevant materials to prove my true use. If it is entrusted to others, a notarized power of attorney is required. For example, entrusting others to repay housing loans and settle foreign exchange needs to provide: the original ID card of the agent, the housing sales contract, the loan contract, the client's identity certificate, and the notarized power of attorney.