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What restrictions does SAFE have on individuals investing in foreign exchange?
Chapter II Personal Foreign Exchange Management under Current Account Article 8 Foreign exchange receipts and payments under personal current account are divided into operating foreign exchange receipts and payments and non-operating foreign exchange receipts and payments. \ x0d \ x0d \ Article 9 The operating foreign exchange receipts and payments under personal current account shall be handled in accordance with the following provisions: \ x0d \ x0d \ (1) Individual foreign trade operators shall purchase, pay and settle foreign exchange through their personal foreign exchange settlement accounts; Its foreign exchange receipts and payments, import and export verification and balance of payments declaration are managed by the agency. \x0d\ Individual foreign trade operators refer to individuals who have gone through industrial and commercial registration or other practice procedures in accordance with the law, obtained personal industrial and commercial business licenses or other practice certificates, registered and filed in accordance with the provisions of the the State Council Municipal Department of Commerce, obtained the right to operate foreign trade, and engaged in foreign trade business activities. \x0d\ (2) If an individual industrial and commercial household entrusts an enterprise with the right to operate foreign trade to handle import, I will purchase foreign exchange by virtue of the import agency contract or agreement signed with the agency, and the purchased foreign exchange will be directly transferred to the current account of the agency through my foreign exchange settlement account. \x0d\ Individual industrial and commercial households can collect and settle foreign exchange through their own foreign exchange settlement accounts if they entrust an enterprise with the right to operate foreign trade. Settlement of foreign exchange shall be handled by the export agency contract or agreement signed with the agency and the export goods declaration form of the agency. After the agency enterprise reports the written-off materials such as the name and account number of individual industrial and commercial households to the local foreign exchange bureau, it can use the Notice of Account Collection of Individual Industrial and Commercial Households as a verification certificate. \x0d\ (3) The settlement of foreign exchange under the trade mode of overseas personal travel shopping shall be handled with my valid identity certificate and personal travel shopping declaration form. \x0d\\x0d\ Article 10 If the non-operating foreign exchange settlement under the current account of domestic individuals exceeds the annual total, they shall go to the bank with their valid identification and the following supporting materials: \x0d\\x0d\ (1) Donation: a notarized donation agreement or contract. Donations must comply with state regulations; \x0d\ (2) Family support: proof of immediate family members or notarized support relationship, and relevant income proof of overseas payers, such as bank deposit certificate and personal income tax payment certificate; \x0d\ (3) Inheritance income: inherited legal documents or notarial certificates; \x0d\ (4) Insurance foreign exchange income: insurance contracts and payment vouchers of insurance institutions. Foreign exchange insurance must comply with state regulations; \x0d\ (5) Exclusive rights use and franchise income: payment voucher, agreement or contract; \x0d\ (6) Income from legal, accounting, consulting and public relations services: proof of payment, agreement or contract; \x0d\ (7) Employee remuneration: employment contract and income certificate; \x0d\ (8) Income from overseas investment: foreign exchange registration certificate for overseas investment, profit distribution resolution or dividend payment or other income certificates; \x0d\ (IX) Others: relevant certificates and payment vouchers. \x0d\x0d\ Article 11 If the foreign individual's non-operating foreign exchange settlement under the current account exceeds the annual total, he/she shall go to the bank with his/her valid identity certificate and the following supporting materials: \ x0d \ (1) Rental expenses: house lease contract, invoice or payment notice registered by the housing management department; \x0d\ (2) Living expenses: contract or invoice; \x0d\ (3) Expenditure on medical treatment and study: proof of charges of domestic hospitals (schools); \x0d\ (4) Others: relevant certificates and payment vouchers. \x0d\ If the above-mentioned single settlement amount is more than USD 50,000, the RMB funds obtained from settlement will be directly transferred to the domestic RMB account of the counterparty. \ x0d \ x0d \ Article 12 If the non-operating purchase of foreign exchange under the current account of domestic individuals exceeds the total annual amount, they shall go to the bank with their valid identity documents and relevant proof materials of the transaction amount. \x0d\x0d\ Article 13 The purchase of foreign exchange by an overseas individual with legitimate RMB current account income and the purchase of foreign exchange without using RMB shall be handled in accordance with the following provisions: \ x0d \ (1) The purchase of foreign exchange shall be handled with his/her valid identity certificate and relevant certification materials (including tax vouchers) of legitimate RMB current account income obtained in China. \x0d\ (2) The original exchange of unused RMB shall be handled with my valid identity certificate and the original exchange memo, and the exchange period of the original exchange memo is 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. \x0d\x0d\ Article 14 Remittance of current account expenditures of domestic individuals abroad shall be handled in accordance with the following provisions: \ x0d \ If the accumulated value of foreign exchange in the foreign exchange savings account on the day of remittance abroad is less than 50,000 US dollars (inclusive), it shall be handled at the bank with my valid identity certificate; If it exceeds the above amount, it shall be handled with the authenticity certificate of the transaction amount under the current account. \x0d\ If the accumulated equivalent amount of foreign currency cash on the remittance date is less than $65,438+0,000 (inclusive), it shall be handled in 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. \x0d\x0d\ Article 15 Foreign exchange remittance of overseas individuals in current account shall be handled in the bank according to the following provisions: \ x0d \ (1) Foreign exchange remittance of foreign exchange savings account shall be handled with my valid identity certificate; \x0d\ (2) Remittance of hand-held foreign currency cash, with the cumulative equivalent of USD 654.38+USD 00,000 (inclusive) on the same day, shall be handled with my valid identity certificate; If the amount exceeds the above amount, I should also provide 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 document of my original bank.