China Foreign Exchange Company doesn't know what company you are referring to. Strictly speaking, there are no foreign exchange companies in Chinese mainland, and foreign exchange transactions in China have not been liberalized. The so-called foreign exchange companies are domestic agents of foreign foreign exchange dealers and have no trading qualifications. The supervision of those foreign exchange companies is not regulated by SAFE at home or abroad. It is the dealers who are supervised, and they are supervised by foreign regulatory agencies. If there are only foreign exchange transactions of banks in China, SAFE will supervise them.

Please remember that there are no foreign exchange companies in China, and those agencies are not called foreign exchange companies, because what they do is to help customers earn commission money.

At present, there are only two forms of foreign exchange transactions in China, namely, foreign exchange agencies and foreign exchange trading companies. The former has been explained, and the latter is a company specializing in trading. They don't attract customers, but rely on traders' stable trading to make profits. Their funds come from overseas and domestic funds and never accept retail investors.