How to send money to international students in China?
At the end of last year, the relevant person in charge of the State Administration of Foreign Exchange of China made it clear that since 20 17 10, China's personal annual foreign exchange purchase facilitation quota has not changed, and it will still maintain the annual foreign exchange purchase facilitation quota of 50,000 US dollars per person.
At the beginning of 20 17, the state administration of foreign exchange once again stressed that this policy is not a new policy, but an emphasis and restatement of existing policies.
At the same time, it emphasizes the importance and necessity of this policy, which should be strictly implemented and strengthened supervision.
Its specific content is: maintain the amount of remittance of 50,000 US dollars abroad per person per year unchanged.
It is strictly forbidden to purchase foreign exchange for capital projects that have not yet been opened, such as buying houses overseas, investing in securities and investing in dividend insurance.
For violators, the relevant departments can cancel the remittance limit of $50,000 within two years after the individual.
According to the situation, a fine of 30% of the meeting amount can be imposed, and the punishment will be increased when the situation is serious.
The re-emphasis of this policy has aroused the high tension and anxiety of overseas students, because the tuition fees for studying abroad have increased year by year. Take Canada as an example. The annual tuition fee of rotman Business School of the University of Toronto in Canada is as high as 40,000 Canadian dollars. With the living expenses, it seems that the remittance amount of 50,000 US dollars is not enough to pay for studying abroad.
In fact, many foreign students do not understand the relevant regulations on foreign exchange purchase, exchange and remittance outside China.
Even many parents have not fully understood the relevant policies and systems of the country.
According to the latest policy of the State Administration of Foreign Exchange, the amount of foreign exchange purchased by individuals has not changed, and it is still $50,000 per person per year.
However, according to many parents of foreign students, when remitting tuition and living expenses to their children studying abroad, they just? Oral questions? Or simply fill in the purpose of purchasing foreign exchange in the personal application form? Studying abroad? 、? Tuition? 、? Overseas living expenses? Wait a minute.
Parents of foreign students should pay special attention from 20 17 1. What is the purpose of buying foreign exchange? In this column, you must truthfully fill in and fill in specific information, such as the name of the school, the amount and currency of tuition fees, etc., and if necessary, you need to provide the admission notice and payment notice. For students who are studying, you need proof from their school and payment notice.
Will it be recorded if you don't fill it out truthfully? Watch list? It will have an impact on future exchange and remittance.
Some parents said that their children are going to study abroad, but they have not received any admission and payment notice from any institution. Is it impossible to purchase foreign exchange?
Personal purchase of foreign exchange and actual remittance abroad are two acts. Parents can purchase foreign exchange in advance and fill out an application for personal purchase of foreign exchange? What is the purpose of buying foreign exchange? Fill in the column? Studying abroad? .
At present, the tuition and living expenses for studying abroad are increasing year by year, and the amount of foreign exchange purchase and remittance of 50,000 US dollars is not enough for many international students.
Many parents of foreign students said after interviews that it was illegal to use other people's multiple ID cards to purchase foreign exchange and remit money.
In the case of strict implementation of relevant regulations, parents are requested not to take relevant actions in exchange for serious punishment and consequences.
In view of the tuition and living expenses of international students, you can actually apply for over-purchasing foreign exchange from China and over-remitting it overseas.
Many parents and international students are not familiar with this regulation.
If the amount exceeds US$ 50,000, you need to provide personal passport and valid visa, admission notice of overseas schools, tuition payment notice, living expenses certificate and other relevant documents, and you can purchase foreign exchange in excess.