In the past, the law was to settle foreign exchange by payment, that is, foreign-invested enterprises were only allowed to convert foreign exchange into RMB when they needed to pay RMB.

This practice is to prevent the inflow of hot money and some illegal uses, but it has caused certain exchange rate losses to enterprises.

Now the willingness to settle foreign exchange has been introduced, which means that foreign exchange can be settled into RMB at one time to prevent exchange rate risks, and then RMB payment can be made in accordance with laws and regulations in the future.