According to the Notice on Severely Punishing Illegal Foreign Exchange Futures and Foreign Exchange Margin Trading (Jian Zheng Fa Zi [1994]No. 165) and "Preventing Foreign Exchange Margin" jointly issued by the People's Bank of China, the Ministry of Public Security of the People's Republic of China and the State Administration of Foreign Exchange on September 8, 2008, the People's Bank of China and the Bank of China are currently insured. It is illegal for any unauthorized institution to conduct foreign exchange deposit transactions without authorization; It is also illegal for customers (units and individuals) to entrust unauthorized institutions to conduct foreign exchange deposit transactions (whether foreign currency or RMB).