Including: buying and selling foreign exchange privately, buying and selling foreign exchange in disguise or buying and selling foreign exchange in reverse. For those who illegally buy or sell foreign exchange, the organs of the State Administration of Foreign Exchange shall give a warning, force exchange, confiscate the illegal income and impose a fine of more than 30% and less than 3 times the illegal foreign exchange amount; If a crime is constituted, criminal responsibility shall be investigated according to law.
1, foreign exchange is not bought or sold through designated foreign exchange banks or foreign exchange adjustment centers. According to the relevant provisions of China's foreign exchange management, all foreign exchange income of Chinese and foreign institutions or individuals must be sold to the Bank of China, and foreign exchange must be bought or sold through designated foreign exchange banks or foreign exchange adjustment centers.
2. Buying and selling foreign exchange quotas without permission. China's organs, organizations, enterprises and institutions have a certain amount of foreign exchange use according to state regulations, but they must use it within the scope of relevant regulations. However, some units illegally buy and sell their own foreign exchange quotas regardless of the state, laws and regulations, and obtain illegal benefits from them, which also belongs to illegal foreign exchange trading.
3. Other disguised trading of foreign exchange under the cover of legal forms is essentially illegal exchange of foreign exchange in RMB or in kind.
Extended data
Illegal buying and selling of foreign exchange directly violates the normal management of foreign exchange by the state. Actors who buy and sell foreign exchange privately and fail to sell it to the Bank of China in accordance with regulations will inevitably reduce the country's foreign exchange reserves, affect the country's macro-management of foreign exchange, and undermine the only legal position of RMB in the domestic market.
At the same time, there is a foreign exchange "black market" in large and medium-sized cities in China. Some foreign currency holders trade on the "black market" and exchange foreign exchange at a price higher than the national quotation, which also disrupts the normal financial order, reduces the country's foreign exchange income, and greatly interferes with the effectiveness of foreign exchange management and the stability of the legal exchange rate.
Baidu Encyclopedia-Crime of illegally buying and selling foreign exchange
Baidu encyclopedia-illegal trading of foreign exchange