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Individuals in mainland China are allowed to settle foreign exchange of 50,000 US dollars per year. Can there be any way to settle foreign exchange after that?

Released Date: Aug 18,2022 Article Source: HUANZE

The State Administration of Foreign Exchange (SAFE) stipulates that each individual within the territory has an equivalent amount per year5That is to say, if you want to exchange RMB for foreign currency or foreign currency for RMB, no matter in which currency, the maximum amount cannot exceed the equivalent value5Ten thousand dollars.

The State Administration of Foreign Exchange (SAFE) stipulates that each individual within the territory has an equivalent amount per year5That is to say, if you want to exchange RMB for foreign currency or foreign currency for RMB, no matter in which currency, the maximum amount cannot exceed the equivalent value5Ten thousand dollars. Every year5The exchange limit of ten thousand US dollars is the natural year, that is, every year1month1sunrise12month31The annual total of the day, once the settlement exceeds5$10,000, domestic personal account. You can take more than that5Ten thousand US dollars (or the equivalent in foreign currency), but each person can only exchange in a year5The limit of ten thousand US dollars (or equivalent foreign currency) can be exceeded by the following operations, for reference only.

1The current account can also accept foreign currency inward remittance, but cannot be converted into RMB, can stay in the account in the next year after the quota;

2You can also go to the bank to withdraw cash in foreign currency for one dayUSD1Below 10,000, only need to make an appointment in advance to withdraw foreign currency, you can directly to the bank counter withdrawal, if a day to withdraw cashUSD1If more than 10,000 yuan is required, it should be reported to the local Administration of Foreign Exchange and other relevant departments.

Individuals in mainland China have an annual5If the foreign exchange settlement limit of 10,000 US dollars is exceeded, can there be any way?

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