Commercial banks invest in overseas financial products. According to the data of the central bank, China Banking Regulatory Commission and foreign exchange bureau,
The Interim Measures for the Administration of Overseas Financial Services for Customers of Commercial Banks is divided into five steps.
The first step is for commercial banks to apply to the CBRC for the qualification of overseas wealth management business on behalf of customers.
Step two, the commercial bank applies to the foreign exchange bureau for the foreign exchange purchase quota for overseas financial management on behalf of customers.
Third, within the scope of foreign exchange purchase quota, commercial banks issue RMB-denominated products to domestic residents.
Foreign financial products.
Fourth, domestic residents subscribe for these overseas funds in RMB within the investment plans announced by commercial banks.
Financial products, commercial banks will raise RMB funds to buy foreign exchange, and then according to the disclosure.
The investment plan is remitted abroad for investment.
Step 5: After the principal and income from investing in overseas financial products are repatriated to China, they will be exchanged by commercial banks.
Pay RMB to domestic residents.
The undertaking bank is qualified to limit. The professional and technical requirements for overseas financial management on behalf of customers are relatively high.
So not all domestic banks have the ability to start this business. You need to consult specific banks.
Whether the bank can handle related business.
In addition, the outflow of funds is limited, and residents are not allowed to buy foreign exchange for investment without restriction at present.
Foreign financial products. 20 13 On September 27th, India will allow foreign investors to own their own country.
The amount of debt is limited to $30 billion, and there are more restrictions on corporate bonds. You should also pay attention to investment funds.
Restrict.