Domestic foreign exchange transfer under foreign contracted projects shall be handled in accordance with the following provisions: If the general contractor and subcontractors under foreign contracted projects are domestic institutions, the general contractor may go directly to the designated foreign exchange bank to handle domestic foreign exchange transfer procedures with the Qualification Certificate of People's Republic of China (PRC) General Contractor for Foreign Economic Cooperation, the Contract (Agreement) for Foreign Contracted Projects and the Subcontract (Agreement) when paying the project funds to the subcontractors. Foreign exchange funds transferred by subcontractors are only for external payment and cannot be settled. If the subcontractor needs to use the project funds for domestic expenses such as domestic procurement, the domestic general contractor shall settle the project funds and pay them to the domestic subcontractor in RMB, and both parties shall not transfer domestic foreign exchange.