Business introduction

Individual forex sale and purchase business consists of individual sale and purchase of foreign exchange.

Individual settlement refers to the action that resident individuals sell his foreign currency income to the appointed banks and the banks receive the equivalent RMB according to the spot rate of the trading day.

Currencies of transaction

Our bank conducts foreign exchange account business in the currencies such as dollar, Hong Kong dollar, yen and Euro. Please contact the foreign exchange managing branches for further information.

Serving object

The individual forex sale and purchase business is suitable for the public individual in China and oversea individual, among which the public individual in China refers to the Chinese citizens holding the Identification Cards of the People’s Republic of China (including interim identity card ), military ID card and armed police ID card.

Overseas individual refers to foreign citizens (including stateless persons ) holding passports, Exit-entry Permit for Traveling to and from HongKong and Macao, Taiwan and mainland pass, as well as the compatriots in Hongkong, Macao and Taiwan.

Serving function

Converting the foreign currency income into the corresponding equivalent RMB or converting RMB into the corresponding equivalent foreign currencies, according to the regulations of forex administration policy.

Business process

The administration of total annual amount shall apply to individual settlement and domestic individual purchase of foreign currency, which shall be the equivalent of 50,000 US dollars per head per annum, respectively.

The individual settlement and domestic individual purchase of foreign exchange within the total annual amount, can be transacted with valid ID card directly at our bank; the client may appoint his immediate family member to handle the transaction procedures on his behalf, with the valid ID cards of the principal and trustee, certificate of authorization of the principal, relationship evidence of immediate family member; other commission agents shall provide relative official certificates, except for the valid identification papers of both sides and certificate of authorization.

As for the purchase and settlement of foreign exchange exceeding total annual amount and overseas individual purchase of foreign exchange, evidence of the amount of business transactions shall also be presented.

Characters of our bank

Our bank is member of Foreign Exchange Transaction Center that can determine and timely update the posted rate by itself. We close connection with the market and are competitive in the same business.

Large amount of purchase and settlement of foreign exchange shall enjoy more favorable posted rate.

Kindly reminder

Total annual amount shall not go beyond the calender year and the amount unused or unspent last year shall not be turned to next year.

The appointed agent shall present the certificate of authorization of the trustee and the true identification paper of the commission agent.