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What is the difference between ICBC's online foreign exchange market and personal foreign exchange business?
Difference between ICBC's online foreign exchange market and personal foreign exchange business

I. Similarities

1 platform

They are all engaged in foreign exchange business in ICBC.

2. Products

The product is legal foreign exchange.

3. Legal sources

It is protected by the Foreign Exchange Administration Law, the Foreign Exchange Trading Law and other relevant financial laws.

Second, differences.

1, definition

The online foreign exchange market, namely Foreign Exchange Express, is a business of China Industrial and Commercial Bank to provide online foreign exchange trading services for registered customers of electronic banks. Including real-time foreign exchange transactions, entrusted transactions and transaction details, related information query and other functions. It is one of personal foreign exchange businesses.

Personal foreign exchange business includes > forex > huicaitong > account crude oil > account base metal >; Accounting agricultural products

2. Product differentiation

All products under personal foreign exchange business are different, such as handling conditions and operating procedures.