On July 1 day, the Measures for the Administration of Large-value Transactions and Suspicious Transaction Reports of Financial Institutions, known as the most stringent new foreign exchange regulations in history, came into effect. The central bank's management measures are mainly to strengthen the supervision of large-value transactions and suspicious transactions, and require financial institutions to report large-value transactions and suspicious transactions in accordance with regulations. China residents' annual quota of $50,000 to purchase foreign exchange remains unchanged, but the exchange process has become complicated and the supervision has become stricter.

First, individual residents purchase foreign exchange under the guidance of quota management.

Individual residents have no guiding limit for purchasing foreign exchange by actual exit behavior, such as paying membership fees of overseas international organizations, overseas immediate family assistance, overseas mail order, etc. It's 3000 dollars per person at a time. The guiding limit for individual residents to purchase foreign exchange for overseas travel, pilgrimage, visiting relatives, overseas medical treatment, business investigation, employment, overseas settlement, international exchange, overseas training, other overseas studies, overseas labor services, etc. is: if the visa entry and exit time is less than half a year, each person is equivalent to 3,000 US dollars; If the departure time is more than half a year (including half a year), it is equivalent to $5,000 per person. However, the guiding limit for purchasing foreign exchange for border tourism is equivalent to 100 USD per person per day (including 100 USD), with the maximum equivalent of 500 USD per person per time (including 500 USD).

Two. Guidelines for individuals to purchase foreign exchange

1. First of all, whether you purchase foreign exchange through the counter or online banking, you need to fill out an application form for personal purchase of foreign exchange to conduct a more detailed investigation on the purpose of personal purchase of foreign exchange. The purpose of purchasing foreign exchange includes nine categories, such as private travel, studying abroad, going abroad on official business, visiting relatives, overseas medical treatment, trade in goods, non-investment insurance and consulting services.

2. However, it is clearly stated in the application that "domestic individuals may not use foreign exchange purchases for investment in overseas capital projects such as house purchase, securities investment, life insurance purchase and dividend return insurance. Offenders will be included in the' attention list' and will not enjoy personal convenience in the current year and the next two years. "

(Source: Personal Purchase of Foreign Exchange-Baidu Encyclopedia)