That is, foreign exchange earning enterprises sell foreign exchange income to designated foreign exchange banks, which pay the equivalent local currency at a certain exchange rate. It can be used as needed: settlement of foreign exchange account and capital account in current account, settlement of accounts to be verified.
Advance receipts or prepayments must be declared on the foreign exchange management platform for more than 30 days, otherwise it will affect your settlement. Moreover, it can be reduced from class A households to class B or C households, and it is very troublesome to go to the foreign exchange bureau to fill out forms for every transaction in the future. So try to follow the rules.
Information on foreign exchange supply and demand caused by expanding trade, payment settlement of goods after export or import by importers and exporters, and transportation, insurance, travel, study abroad, buying and selling foreign bonds, securities and funds, interest payment, etc.
Foreign exchange investors, in order to predict the rise and fall of the exchange rate, use spot, forward or forward trading channels to engage in large foreign exchange transactions with a small amount of margin;
When the market is bullish, buy first and then sell; When bearish, sell first, then make up the position, and earn the middle price difference with the smallest fluctuation, so foreign exchange investors are often the main foreign exchange suppliers and demanders.
Bank of China-Frequently Asked Questions on Foreign Currency Settlement-Corporate Internet Banking