Current account refers to transactions that often occur in the balance of payments. China implements the system of settlement and sale of foreign exchange under current account. The specific system includes: the foreign exchange income under the current account of domestic institutions must be transferred back to China and sold to designated foreign exchange banks in accordance with the regulations of the State Council on the management of settlement, sale and payment of foreign exchange, or a foreign exchange account can be opened in designated foreign exchange banks with approval; Domestic aircraft hold valid certificates.
The items that often occur in the economic exchanges between China and foreign countries are the most important items in the international balance of payments, including foreign trade balance, non-trade exchanges and free transfer. Non-trade, also known as labor income and expenditure or intangible trade income and expenditure, includes freight, port supply and labor, tourism income and expenditure, investment income and other non-trade income and expenditure.
Current account foreign exchange income
1. Export or receive foreign exchange from transit goods and other transactions;
2, foreign exchange income from overseas loans under international bidding;
3, under the supervision of the customs, the foreign exchange income of domestic duty-free goods;
4, transportation (including various modes of transportation) and ports (including seaports and airports), post and telecommunications (excluding international remittances), tourism, advertising, consulting, exhibition, consignment, maintenance and other industries and various kinds of agency business to provide foreign exchange income of goods or services;
5, administrative and judicial organs of foreign exchange charges, fines, etc. ;
6, land use rights, copyright, trademark rights, patents, non-patented technology, goodwill and other intangible assets transfer income of foreign exchange;
7. Foreign exchange profits repatriated by overseas investment enterprises, foreign exchange recovered under foreign economic assistance and foreign exchange income of overseas assets;
8. Foreign exchange from foreign creditor's rights, returned foreign exchange deposits, etc. ;
9, rental real estate and other foreign exchange assets income of foreign exchange;
10, the insurance institution accepts foreign exchange income from foreign exchange insurance;
1 1. Net income from foreign exchange business of financial institutions with foreign exchange business licenses.