According to the Measures for the Administration of Personal Foreign Exchange of China People's Bank:
Article 34 If an individual purchases foreign exchange or withdraws money from a foreign exchange savings account, and the amount of foreign currency cash allowed to leave the country according to relevant regulations is single or accumulated on the same day, he may directly go to the bank for handling; If the single or accumulated withdrawal exceeds the above amount on the same day, it shall be reported to the local foreign exchange bureau in advance with my valid identity certificate, proof of withdrawal purpose and other materials.
Extended data:
According to the Measures for the Administration of Personal Foreign Exchange of China People's Bank:
Thirty-first foreign individuals who invest directly in China may open special foreign exchange accounts for foreign investors with the approval of the foreign exchange bureau. The funds in the account can be settled with the approval of the foreign exchange bureau. After the direct investment project is approved by the competent department of the state, overseas individuals may transfer the foreign exchange funds in the special foreign exchange account of foreign investors to the capital account of foreign-invested enterprises.
Article 32 An individual may open a foreign exchange savings account in a bank with valid identity documents. The income and expenditure scope of foreign exchange savings accounts is non-operating foreign exchange income and expenditure, and the transfer of funds between foreign exchange savings accounts of the same subject category between myself or his immediate family members. Joint foreign exchange savings accounts opened by domestic individuals and overseas individuals shall be managed according to domestic individual foreign exchange savings accounts.
Measures of Huanghua Municipal People's Government-China People's Bank on Personal Foreign Exchange Management