Buying and selling foreign exchange without authorization, buying and selling foreign exchange in disguised form, reselling foreign exchange or illegally introducing the purchase and sale of foreign exchange in a large amount shall be given a warning, the illegal income shall be confiscated and a fine of less than 30% of the illegal amount shall be imposed. If the circumstances are serious, a fine of not less than 30% but not more than the equivalent of the illegal amount shall be imposed, and if the case constitutes a crime, criminal responsibility shall be investigated according to law. Those who engage in foreign exchange settlement and sale business without approval shall be ordered by the foreign exchange administration to make corrections. If there are illegal gains, the illegal gains shall be confiscated. If the illegal income is more than 500,000 yuan, a fine of 1 times but less than 5 times shall be imposed. If there is no illegal income or the illegal income is less than 500,000 yuan, a fine of not less than 500,000 yuan but not more than 2 million yuan shall be imposed. If the circumstances are serious, the relevant competent department shall order it to suspend business for rectification or revoke its business license, which constitutes a crime.

Those who engage in foreign exchange business other than settlement and sale of foreign exchange without approval shall be punished by the foreign exchange administration or financial supervision and regulation institutions in accordance with the provisions of the preceding paragraph.

Anyone who, in violation of regulations, changes the use of foreign exchange or settlement funds without authorization shall be ordered by the foreign exchange administration authorities to make corrections, confiscate the illegal income and impose a fine of less than 30% of the illegal amount. If the circumstances are serious, a fine of not less than 30% of the illegal amount but not more than the equivalent value shall be imposed. Whoever, in violation of regulations, uses foreign currency to settle accounts or transfer foreign exchange illegally in China shall be ordered to make corrections, given a warning and may be fined up to 30% of the illegal amount. Borrowing money from abroad, issuing bonds overseas or providing external guarantees without authorization. , given a warning by the foreign exchange administration, and impose a fine of less than 30% of the illegal amount.

legal ground

Regulations of People's Republic of China (PRC) Municipality on Foreign Exchange Control

Article 45

Buying and selling foreign exchange without authorization, buying and selling foreign exchange in disguised form, reselling foreign exchange or illegally introducing the purchase and sale of foreign exchange in a large amount shall be given a warning, the illegal income shall be confiscated and a fine of less than 30% of the illegal amount shall be imposed. If the circumstances are serious, a fine of not less than 30% but not more than the equivalent of the illegal amount shall be imposed, and if the case constitutes a crime, criminal responsibility shall be investigated according to law.