After entering the investment and financial management page, click the option of settlement and sale of foreign exchange.
Because we buy foreign exchange, the transaction type is RMB. Choose the foreign exchange currency you want to buy according to your own needs. Banks are sellers of foreign exchange relative to us, so it depends on the selling price (remittance) of banks. Generally, we choose remittance instead of paper money as the symbol of remittance, because remittance can not only be sent abroad, but also be cashed out.
After entering the foreign exchange purchase page, you need to read an application for foreign exchange purchase, and click Next after reading it.
The general annual foreign exchange purchase quota is 50,000 USD. You can see how much you have left. Pay attention to check the options such as foreign currency transfer-in account and currency, and truthfully fill in the information such as the use of funds. After the inspection is correct, continue to complete the next step.
If you need to withdraw foreign currency cash, it is recommended to make an appointment in advance through online banking or mobile banking, which can save a lot of time.
The State Administration of Foreign Exchange stipulates that "it shall not be used to invest in overseas securities or other channels". Banks will strictly follow the regulations and will not allow such funds to be remitted. Unless you can open an account abroad to buy it, under normal circumstances, domestic individuals cannot buy it. However, opening an account abroad will also involve a problem, that is, when the investment income is remitted back to China, if the overseas income declaration is filled in with the overseas investment income, the bank will also prohibit the settlement of foreign exchange and the funds will be returned the same way. Therefore, you should not only consider how to purchase foreign exchange and remit funds, but also consider how to make profits or redeem the principal and then successfully settle foreign exchange into RMB.
Or you can find a reliable foreign exchange platform or other platforms to exchange RMB into US dollars. If there are stocks in the list of products you invest in, you can invest. A few years ago, saxo had a foreign exchange platform that could do this. What impressed me the most was their executives' speech that it was better to buy a Starbucks stock than to buy a cup of Starbucks. However, when Shengbao frequently withdrew and re-entered the China market, the reputation of the foreign exchange industry was affected. I haven't heard of any other reliable foreign exchange platform that can be used for stock investment. To do this, we must find a senior platform. If you are not careful, you will easily be fooled by the black platform.