(1) Abide by the relevant regulations of the People's Bank of China and the foreign exchange bureau, and have no record of illegal settlement and sale of foreign exchange and foreign exchange market transactions within two years before submitting the application;

(2) Having a sound foreign exchange business risk management system, internal control system and strong financing capacity in local and foreign currencies.

(3) Centralized management of comprehensive positions in foreign exchange settlement and sale;

(4) Being a member of the inter-bank foreign exchange market for more than two years.

(5) The scale of RMB and foreign currency transactions in the inter-bank spot foreign exchange market in the first half of the year ranked within the top 30 (inclusive);

(6) In the first half of the year, the scale of cross-border revenue and expenditure on behalf of customers in China ranked within the top 50 (inclusive);

(7) The capital adequacy ratio of the whole bank reached 8% or the foreign exchange capital was equivalent to more than 654.38 billion US dollars in the latest year.