2. According to the regulations of the State Administration of Foreign Exchange of China, the annual foreign exchange settlement and sale quota of China citizens is equivalent to $50,000. That is to say, whether you settle or purchase foreign exchange, you must occupy this quota of 50 thousand dollars.
3. When someone remits money to you, or you remit money to others, that is, you transfer money to someone else's foreign exchange account, which does not occupy your foreign exchange settlement and sales quota.
Note: China stipulates that domestic foreign exchange remittance can only be made to immediate family members, and you need to bring your household registration book and ID card (husband and wife bring a marriage certificate) to go to the bank to handle remittance business. If it is overseas remittance, the remittance amount is different according to the purpose of remittance, and the required documents and materials are also different. Generally, the tuition fee for overseas remittance is relatively simple, just bring your ID card. If the remittance amount does not exceed 30 thousand, no other materials are needed to prove it.