Application materials: When a domestic institution opens a current account for the first time, it shall register the basic information of the domestic institution with the following materials at the Foreign Exchange Account Management Section of the Current Account Department of the Foreign Exchange Management Department of Beijing, and then go through the account opening procedures at the designated foreign exchange bank. 1. Original and photocopy of business license or association registration certificate or registration certificate of resident representative office (institution in China) of foreign (regional) enterprises (both original and photocopy are acceptable); 2. Original and photocopy of organization code certificate (both original and photocopy are acceptable). Processing flow: 1. If a foreign-invested enterprise has obtained the Foreign Exchange Registration Certificate of Foreign-invested Enterprise, it is not necessary to register the enterprise information at the foreign exchange bureau, and it can directly open a current account in a designated foreign exchange bank. 2. Domestic institutions that have registered basic information or opened current account foreign exchange accounts can directly open new current account foreign exchange accounts at designated foreign exchange banks. 3. The procedures for changing the opening bank and closing the current account foreign exchange account shall be handled directly at the opening bank. 4. To open a current account foreign exchange account in Beijing, a foreign enterprise shall register basic information at the foreign exchange bureau where it is registered, and then handle the above materials at the foreign exchange account management section of the current account department of the Beijing Foreign Exchange Management Department.