What is the purpose of buying foreign exchange?

The purpose of purchasing foreign exchange refers to the purpose and plan of converting foreign exchange into RMB. When applying for foreign exchange purchase, you need to fill in the purpose of foreign exchange purchase, which generally includes the following contents:

1. Trade in goods: payment settlement for purchase of imported goods or export sales.

2. Trade in services: payment of cross-border service fees, such as technical services, management consulting, intellectual property fees, etc.

3. Investment under capital: funds are invested overseas to buy stocks, bonds, real estate, etc. Or get investment income from overseas and remit it back to China.

4. Debt service: repayment of cross-border debts such as interest, principal and bond purchase.

5. Personal travel for personal reasons: the expenses for individuals to purchase travel services, such as air tickets, accommodation, tour group fees, scenic spots tickets, etc.

6. Labor service for residents leaving the country: Representing China enterprises to attend conferences, exhibitions, inspection and training abroad, or enjoying wages, allowances and subsidies when working abroad.

7. Currency transfer: refers to the transfer of RMB funds into overseas accounts or the remittance of overseas funds into domestic accounts.

The purpose of purchasing foreign exchange must be true and accurate, otherwise it may lead to violation of foreign exchange control regulations and accountability.