Individual foreign exchange settlement and domestic individual foreign exchange purchase are subject to annual total management. The annual total is equivalent to 50,000 dollars per person per year. The State Administration of Foreign Exchange may adjust the annual total according to the balance of payments.

Domestic individuals selling or buying foreign exchange (that is, settlement and sale of foreign exchange) shall be subject to annual total management. The annual total is equivalent to 50,000 dollars per person per year. Individuals who purchase foreign exchange with the equivalent of less than $50,000 within one year can go directly to the bank with their valid identity documents. If the amount exceeds the limit, in addition to the personal valid identity certificate, relevant certification materials shall be provided for payment at the designated foreign exchange bank.

Extended data:

The original conversion of unused RMB 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.

Hand-held foreign currency cash with a cumulative equivalent of less than $654.38 million on the remittance day shall be handled at the bank with my valid identity certificate; If the amount exceeds the above amount, it shall be handled by the authenticity certificate of the transaction amount under the current account, the Declaration Form for Luggage and Articles of Inbound Passengers in People's Republic of China (PRC) and China Customs signed by the customs, or the foreign currency cash withdrawal certificate of my original bank.

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