China's foreign exchange control can be divided into current account, capital account and exchange rate management. Current accounts include account management and foreign currency cash management.
Current account: including account management and foreign currency cash management.
(1) account management
Account management requires domestic institutions to retain current account foreign exchange income according to business needs. Bank settlement has changed from compulsory settlement to willingness settlement. Enterprises and institutions need foreign exchange, as long as they hold valid certificates and exchange them in RMB at designated foreign exchange banks, the banks will immediately sell them to foreign exchange.
(2) Foreign currency cash management
If the management of foreign currency cash requires outbound personnel to take foreign currency cash with the equivalent value of less than 5,000 US dollars (including 5,000 US dollars) out of the country, the customs will release it without handling the certificate of carrying; If the amount of foreign currency cash carried by outbound personnel exceeds US$ 5,000 to US$ 10000 (including US$ 10000), they shall apply to the designated foreign exchange bank for a certificate of carrying, and the customs shall examine and release it with the certificate stamped by the designated foreign exchange bank; In principle, outbound personnel are not allowed to leave the country with foreign currency cash equivalent to 1 10,000 USD or more. In any of the following special circumstances, the outbound personnel may apply to the foreign exchange bureau for carrying certificates: 1, a large number of outbound groups; 2 long-term outbound or long-distance scientific investigation team; 3. Visits by government leaders; 4. Outbound personnel go to countries with wars, strict foreign exchange control, poor financial situation or financial turmoil; 5. Other special circumstances.