Legal basis: Regulations of People's Republic of China (PRC) Municipality on Foreign Exchange Control.
Article 9 The foreign exchange income of domestic institutions and individuals can be repatriated or deposited abroad; The conditions and time limit for repatriation or deposit abroad shall be stipulated by the foreign exchange administration department of the State Council according to the balance of payments and the needs of foreign exchange administration.
Article 10 The foreign exchange administration department of the State Council shall hold, manage and operate the national foreign exchange reserves according to law and follow the principles of safety, liquidity and appreciation.