That's what you said. This is stipulated by our country. The foreign exchange earned by an enterprise cannot be controlled by itself. In China, it must be converted into RMB according to the national quotation. This was a good thing before, because China did not use foreign currency, but only RMB. Profits earned by enterprises, such as wages, payments to suppliers, taxes, etc., are all paid in RMB.

Now enterprises must keep a large part of foreign exchange. However, due to the existence of foreign exchange control system, enterprises often fall into the predicament of foreign exchange control.

Therefore, many enterprises now start to establish offshore companies and open offshore bank accounts overseas. Keep foreign exchange profits overseas.