1. All domestic institutions and domestic institutions (hereinafter referred to as account-opening units) that meet the requirements for the administration of domestic foreign exchange accounts can open foreign exchange accounts.

2. When applying for opening an account, the account opening unit can choose its own bank according to its own situation. The head office and its branches of the deposit bank operate foreign exchange business.

3. The account opening unit shall provide all the materials required for opening an account according to the requirements of our bureau. After the account is approved by our bureau, it shall go through the account opening formalities at the bank with the "Approval Letter for Opening a Foreign Exchange Account" within 30 working days. The bank that opens an account shall fill in the receipt of the Approval for Opening a Foreign Exchange Account and return it to the account-opening unit, which shall, within 5 working days after opening an account, go to the foreign exchange bureau with the receipt to receive the Foreign Exchange Account Use Certificate.

4. An account-opening unit can only open one foreign exchange account of the same nature in principle. If it is really necessary to open more than two accounts due to business needs, the foreign exchange bureau will strictly examine and approve them according to the specific circumstances.

5. If the account-opening unit loses the Approval Letter for Opening a Foreign Exchange Account or the Certificate for Using a Foreign Exchange Account, it shall declare it invalid in the newspaper, and go through the formalities at the foreign exchange bureau with an announcement in the newspaper and an application for replacement.

Extended data

The establishment and use of foreign exchange accounts have the following basic principles:

1, approval principle.

To open a foreign exchange account, an application shall be submitted to the local foreign exchange administration with the corresponding materials, and a foreign exchange account shall be opened in a local bank with the approval of the State Administration of Foreign Exchange. Banks must open foreign exchange accounts for customers and handle foreign exchange settlement within the scope of foreign exchange activities permitted by the State Administration of Foreign Exchange with the approval of the foreign exchange administration or in accordance with the authority prescribed by law.

2. The principle of quota management.

This is the embodiment of the general principle of foreign exchange settlement and sale at present. Although it is a special case of the principle of settlement and sale of foreign exchange, it does not mean that the account balance can be expanded indefinitely, so almost all foreign exchange accounts have quota control or settlement conditions.

As a supporting measure of the foreign exchange settlement and sale system, current account management allows enterprises to keep part of foreign exchange and reduce the loss of bid-ask price difference and handling fee on the premise of ensuring the smooth implementation of the foreign exchange settlement and sale system, which is not only conducive to the allocation of funds for enterprises, but also provides convenience for enterprises to settle foreign exchange.

The temporarily idle foreign exchange funds in the foreign exchange account can be deposited in the account or converted into foreign exchange time deposits with the approval of the foreign exchange administration department, which is a reasonable economic behavior of the enterprise. Without the approval of the local foreign exchange administration department, it is an act of evading quota management to convert funds in foreign exchange accounts into time deposits. For details, please refer to Fuhui Global Jinhui.

Refer to Baidu Encyclopedia-Foreign Exchange Account