1. All domestic institutions and domestic institutions (hereinafter referred to as account-opening units) that meet the requirements for the administration of domestic foreign exchange accounts can open foreign exchange accounts.

2. When applying for opening an account, the account opening unit can choose its own bank according to its own situation. The head office and its branches of the deposit bank operate foreign exchange business.

3. The account opening unit shall provide all the materials required for opening an account according to the requirements of our bureau. After the account is approved by our bureau, it shall go through the account opening formalities at the bank with the "Approval Letter for Opening a Foreign Exchange Account" within 30 working days. The bank that opens an account shall fill in the receipt of the Approval for Opening a Foreign Exchange Account and return it to the account-opening unit, which shall, within 5 working days after opening an account, go to the foreign exchange bureau with the receipt to receive the Foreign Exchange Account Use Certificate.

4. An account-opening unit can only open one foreign exchange account of the same nature in principle. If it is really necessary to open more than two accounts due to business needs, the foreign exchange bureau will strictly examine and approve them according to the specific circumstances.

5. If the account-opening unit loses the Approval Letter for Opening a Foreign Exchange Account or the Certificate for Using a Foreign Exchange Account, it must be declared invalid in the newspaper, and go through the formalities at the foreign exchange bureau with an announcement in the newspaper and an application for re-filing.