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Foreign exchange holdings in July
According to the Notice of the General Administration of Customs of the Ministry of Commerce of the State Administration of Foreign Exchange on Printing and Distributing the Measures for Online Verification of Export Receipt and Settlement

DocumentNo.: Huifa No.200829, Notice of the State Administration of Foreign Exchange on Relevant Issues Concerning the Implementation of Online Verification Measures for Export Receipt and Settlement, documentNo.. :HuifaNo。 20083 1, Notice of the State Administration of Foreign Exchange No.30 on Relevant Issues Concerning the Implementation of Foreign Debt Registration Management under Enterprise Trade in Goods.

From August 4th, the payment (including advance payment) will enter the account to be written off set up by the bank, and the advance payment will be registered as foreign debt, which can be put on hold after registration. It will take three days after the account is received, and it will take more than 10 days if the amount is large. This is very troublesome, so it is estimated that foreign trade companies are not willing to pay in advance, so they will tell you that they can't take it out until the customs clearance form is issued. Not really.

Just look at the documents of the State Administration of Foreign Exchange.