Question 2: What does selling foreign exchange mean?
Foreign exchange designated banks to sell foreign exchange to foreign exchange users, and according to the date of the transaction behavior of the RMB exchange rate to receive the equivalent value of the behavior of RMB.
Foreign exchange sales business introduction
First, the domestic institutions of the following trade and non-trade business foreign payment with foreign exchange, with the payment method corresponding to the valid commercial documents and listed valid vouchers to the foreign exchange designated bank for payment:
(a) the implementation of the import of goods imported under the management of import quotas or import management of specific products, with the relevant departments to issue permits or import certificates and (B) the implementation of automatic registration system for the import of goods, with the corresponding registration documents and import contracts;
(C) In addition to the above two, the import of other goods in line with national import regulations, with the import contract; the above (a) to (c) the import of goods under the import of the prepayment (within the prescribed percentage), the issuance of a certificate deposit, the final payment, transportation, insurance and ancillary costs and exports under the prepayment (within the prescribed proportion) (d) from the bonded area, bonded warehouse to purchase goods and the purchase of foreign exchange for foreign exhibits in the exhibition, with (a) to (c) the valid certificates;
(d) from the bonded area, bonded warehouse to purchase goods and the purchase of foreign exhibits in the exhibition, with (a) to (c) the valid certificates;
(e) Patent rights, Copyrights, trademarks, computer software and other intangible assets imported, with the import contract or agreement;
(F) exports under the foreign refund of foreign exchange, with the settlement of water bills, claims agreement, proof of claims and proof of refund;
(VII) contracted projects abroad for the bidding documents with the bidding documents, the performance bond and advances on the project with the contract.
Second, the domestic institutions of the following trade and non-trade business external payments, foreign exchange designated banks with the user's list of payments made to the first payment, and then verify:
(a) import processing and production of re-export of goods imported, with the foreign economic and trade sector approved by the contract of import processing;
(b) approved by the State Council, the duty-free company operating in accordance with the provisions of the scope of the duty-free commodities Import payments;
(C) civil aviation, shipping, railway departments (agencies) to pay overseas international intermodal transportation fees, equipment maintenance, station and port charges, fuel supply, insurance, non-financial leases and other service charges;
(D) civil aviation, shipping, railway departments (agencies) to pay for the international operating personnel meals, allowances and subsidies.
(E) the postal and telecommunications sector to pay for international postal and telecommunications services.
Third, the domestic institutions of the following trade and non-trade operational foreign payments, foreign exchange bureau issued a notice of sale of foreign exchange to the designated foreign exchange bank for payment:
(a) more than the required percentage of prepaid goods, commissions;
(b) re-export trade under the first payment and then receive the foreign payment.
Fourth, the financial budget of the organs, institutions and social organizations of non-trade non-operational use of foreign exchange, according to "non-trade non-operational foreign exchange financial management of the Interim Provisions.
V. Financial extra-budgetary domestic institutions of the following non-operational use of foreign exchange, foreign exchange bureau issued a notice of sale of foreign exchange to the foreign exchange of designated banks to cash:
(a) held outside the exhibition, investment, training and filming of film and television, such as the use of foreign exchange;
(b) foreign publicity, foreign aid, foreign donations of foreign exchange, membership fees of international organizations, to participate in the registration fees of the international conference, registration fees;
(C) the establishment of representative offices or offices outside of the start-up costs and funds;
(D) the State Education Commission Coordination Center for Foreign Examinations to pay the examination fees outside of the country;
(E) other non-business use of foreign exchange.
Sixth, the following non-trade and non-operational use of foreign exchange by individuals, authorized by the Foreign Exchange Bureau of the foreign exchange designated bank in accordance with the relevant provisions of the exchange payment:
(a) foreign experts recruited to work in the domestic institutions in the receipt of RMB wages, living expenses and severance allowances for the need to convert the use of foreign exchange;
(b) individuals out of the country for private purposes, Hajj use of foreign exchange;
(c) the migration of individuals to the territory, the need to purchase foreign exchange to send out
(C) the individual who moved out of the country, the need to purchase foreign exchange remittance of retirement, pension, severance pay, severance pay, pension;
(D) the domestic residents of the individual mail order from abroad a small amount of medicine, medical equipment, and other special use of foreign exchange.
VII, domestic institutions under the capital financing of the following use of foreign exchange, with the listed valid certificates to the foreign exchange designated banks:
(a) repayment of domestic financial institutions self-managed foreign exchange loan principal and interest, expenses, with the loan agreement and creditor institutions to repay the debtor institutions notice of interest;
(b) domestic foreign exchange guarantees for the performance of foreign exchange, with the guarantee contract and creditor institutions to pay the notice;
(C) approved by the state to pay dividends in foreign currency, with the resolution of the Board of Directors to distribute profits and proof of tax payment.
VIII, domestic institutions under the capital financing of the following use of foreign exchange, with the listed valid certificates to the Foreign Exchange Bureau to declare, with the approval of the Foreign Exchange Bureau of the foreign exchange designated bank for payment:
(a) repayment of foreign debt and foreign exchange (transfer) loan principal and interest, fees, with the "Foreign Debt Registration Certificate" or "Foreign Exchange (transfer) Loan Registration Certificate and the creditor institution debt repayment and interest payment notification;
(ii) (B) foreign exchange guarantee performance with foreign exchange, with the guarantee contract, foreign exchange bureau issued the "foreign exchange guarantee registration certificate" and foreign institutions to pay the notice;
(C) overseas investment funds remittance, with the approval of the project approval department of the approval documents and the investment contract;
(D) foreign-invested enterprises of the Chinese investor needs to be approved by the foreign exchange investment in the registered capital, with the approval of the project approval department of the approval documents and the contract. Contract.
IX, foreign embassies and consulates in China, the legitimate RMB income (such as visa fees, certification fees, etc.) require remittance out of the country, to the Foreign Exchange Bureau authorized by the foreign exchange of designated banks for payment.
The legal RMB income of foreign legal entities in China (e.g., passenger and cargo fees of foreign airlines in China) should be remitted out of the country when they request for remittance, they should declare to the Foreign Exchange Bureau with supporting documents, and then cash in the designated foreign exchange banks with the notification of foreign exchange sales by the Foreign Exchange Bureau.
X. Foreigners, overseas Chinese, Hong Kong, Macao and Taiwan compatriots who come to China temporarily and do not use up the RMB when they leave the country can redeem the foreign exchange with their passports and the original bill of exchange (which is valid for 6 months) and take it out of the country.