Domestic institutions shall, within 30 working days after opening an overseas foreign exchange account, file the name of the bank where the overseas foreign exchange account is opened, the account number, the name of the account holder and other information with the Foreign Exchange Account Management Section of the Current Account Department of Beijing Foreign Exchange Management Department.

Foreign exchange refers to all means of payment used for settlement in international trade, mainly including foreign currency, foreign currency securities and foreign currency payment vouchers. The most common foreign exchange is foreign currency, and only currencies that can circulate internationally can be called foreign exchange.