What is financial foreign exchange?

Financial foreign exchange refers to foreign exchange and its ancillary expenses outside the scope of foreign trade. Financial foreign exchange includes remittance, tourism foreign exchange, personal foreign exchange, labor foreign exchange, funds from overseas institutions, etc. China's foreign exchange receipts and payments to transportation, civil aviation, posts and telecommunications, railways, banks, insurance, ports and other departments are also included in the scope of non-trade foreign exchange receipts and payments.

According to different sources and uses, foreign exchange can be divided into trade foreign exchange, non-trade foreign exchange and financial foreign exchange. Different from trade foreign exchange and non-trade foreign exchange, financial foreign exchange is a kind of financial asset foreign exchange. Foreign exchange trading between banks is not from tangible trade or intangible trade, nor is it used for tangible trade, but for the management and control of various currency positions.