What is foreign exchange income?

Tourism foreign exchange income is the income obtained from the country's tourism industry. However, it is important to note that foreign exchange is not equal to foreign currency. It is just like exchanging money in a bank. If you want to exchange it for banknotes, there is a banknote price. If you want to exchange it for foreign exchange, There is an exchange rate. Let’s follow the editor to find out.

Foreign exchange income

(1) Foreign exchange income from exporting or paying first and then receiving re-exported goods and other transactions.

(2) Foreign exchange income from winning international tenders under overseas loans;

(3) Foreign exchange income from domestic business of duty-free commodities under customs supervision.

(4) Transportation (including various modes of transportation) and ports (including seaports and airports), post and telecommunications (excluding international remittances), tourism, advertising, consulting, exhibitions, consignment, maintenance and other industries and foreign exchange income from various agency businesses providing goods or services.

(5) Various foreign exchange fees, fines and confiscations received by administrative and judicial agencies.

(6) Foreign exchange income from the transfer of intangible assets such as land use rights, copyrights, trademark rights, patent rights, non-patented technology, goodwill, etc.

(7) Foreign exchange income from leasing real estate and other assets.

(8) Foreign exchange profits repatriated by overseas investment enterprises, foreign exchange recovered under foreign financial aid and foreign exchange income from overseas assets.

(9) Foreign exchange income from external claims, returned foreign exchange deposit, etc.

(10) Insurance institutions accept foreign exchange income from foreign exchange insurance.

(11) Income from the foreign exchange business of financial institutions that have obtained the "Foreign Exchange Business License".

(12) Business foreign exchange received by companies engaged in overseas contracting projects, provision of labor services, technical cooperation and other services overseas during the course of the above-mentioned business projects.

(13) Foreign (industrial) trade companies approved to engage in import agency business, engaged in foreign shipping agency, shipping agency, international freight agency, ship fuel agency, trademark agency, patent agency, copyright agency, advertising Agencies in the agency, ship inspection, and commodity inspection agency business collect and pay foreign exchange on their behalf.

(14) Foreign exchange temporarily received by domestic institutions to be paid or temporarily received to be paid, including bid bonds remitted from abroad, performance bonds, re-export trade collections that are received first and paid later, and handled by the post and telecommunications department Foreign exchange remittances from international exchange business, foreign exchange prepaid by foreign tourism agencies collected by Class I travel agencies, foreign exchange collected by railway departments for overseas insured transportation business, foreign exchange deposits and mortgage deposits collected by customs, etc.

(15) Foreign exchange earned by ocean shipping companies engaged in international ocean transportation business with the approval of the Ministry of Transport, foreign shipping companies and ship chartering companies engaged in international freight with the approval of the Ministry of Foreign Trade and Economic Cooperation from domestic and overseas operations. .

(16) The donation agreement stipulates the donation of foreign exchange for overseas payment.

(17) Foreign exchange from foreign embassies and consulates in China, international organizations and other overseas legal entities in China.

(18) Foreign exchange of individual residents and individuals coming to China.

Foreign exchange income (except foreign-invested enterprises) falling within the following scopes must be settled and sold to designated foreign exchange banks (referring to banks approved to engage in foreign exchange business, including Chinese-funded enterprises in China) at the bank's licensed exchange rate. banks, foreign capital and Chinese-foreign wholly-owned banks).

1. Foreign exchange earned from exporting or paying first and then receiving re-exported goods and other transactions. Among them, the foreign exchange for trade exports settled by documentary letter of credit/letter of guarantee and documentary collection can be settled with valid commercial documents, and the foreign exchange for trade exports settled by remittance can be settled with the verification document of export foreign exchange receipts.

2. Foreign exchange income from winning international tenders under overseas loans.

3. Foreign exchange income from domestic sales of duty-free goods under customs supervision.

4. Transportation (including various modes of transportation) and ports (including airports), post and telecommunications (excluding international remittances), advertising, consulting, exhibitions, consignment, maintenance and other industries and various agency businesses Foreign exchange from the provision of goods or services.

5. Various foreign exchange fees, fines and confiscations received by administrative and judicial agencies.

6. Foreign exchange income from the transfer of intangible assets such as land use rights, copyrights, trademark rights, patent rights, non-patented technology, goodwill, etc. However, if the above-mentioned intangible assets are owned by individuals, no foreign exchange settlement is required.

7. Foreign exchange profits repatriated by overseas investment enterprises, foreign exchange recovered under foreign financial aid and foreign exchange income from overseas assets.

8. Foreign exchange income from external claims, returned foreign exchange deposit, etc.

9. Foreign exchange income from leasing real estate and other foreign exchange assets.

10. Insurance institutions accept foreign exchange income from foreign exchange insurance.

11. The net income from the foreign exchange business of financial institutions that have obtained the "Foreign Exchange Business License".

12. Foreign exchange income from foreign donations, funding and aid.

13. Other foreign exchange that should be settled as prescribed by the State Administration of Foreign Exchange.

Introduction to foreign exchange learning

1. Make good use of your financial budget and avoid using funds necessary for daily life as capital - the psychological characteristics of gamblers: people who worry about gains and losses, have no control, and are overly nervous should not use you. Living capital is used as trading capital. Excessive financial pressure will mislead your investment strategy, increase trading risks, and lead to greater mistakes.

2. Foreign exchange trading cannot rely solely on luck and intuition - the psychological characteristics of gamblers are people who do not listen to advice. If you do not have a fixed trading method, then your profits are likely to be very random, that is, relying on luck. This kind of profit cannot last long.

3. Make good use of free demo accounts to learn foreign exchange trading - the patience of investors: wait for the moment when the rate of return is positive; beginners should learn patiently, step by step, and do not rush to open a real trading account. Try a demo account first. There is an application for a free demo account on FXSOL Global Financial Network, which new investors can experience.

4. Make good use of stop-loss orders to reduce risks - the courage and determination of a military strategist: take action when the opportunity comes.

5. Act within your capabilities - economist's theory: understand the management of funds and maximize the benefits of funds;

6. Choose a mainstream platform and agent.