Use of ICBC’s online foreign exchange market

Hello, the poster--

If you do not have foreign currency deposits in your account, you cannot handle foreign exchange transactions online, and you cannot purchase foreign exchange at our bank for foreign exchange speculation. business.

As the private foreign exchange purchase business regulations are as follows, please refer to:

1. Scope of domestic personal foreign exchange purchase

holders of the People’s Republic of China and the National Chinese citizens with resident ID cards, military ID cards, and armed police ID cards.

2. Purpose of purchasing foreign exchange

Outbound study at one's own expense (tuition fees, living expenses), outbound travel, business inspections, family visits, overseas medical treatment, pilgrimage, overseas training, employment, International exchanges, overseas settlement, overseas labor services, overseas mail order fees, payment of membership dues to international organizations, and assistance to immediate family members abroad. It also includes foreign exchange purchases under current items such as overseas consulting, other service trade expenses, goods trade and related expenses.

3. Currencies for purchasing foreign exchange

The currencies for purchasing foreign exchange can be 9 freely convertible foreign currencies: US dollars, Hong Kong dollars, Japanese yen, euros, British pounds, Australian dollars, Canadian dollars, Either Singapore dollar or Swiss franc.

4. It is managed based on the annual total amount. Each person can purchase the equivalent of US$50,000 (inclusive) per year with his or her valid ID card; if the foreign exchange purchase exceeds the "annual total amount of US$50,000", the relevant real needs must be provided. Vouchers shall be processed according to the actual required amount indicated on the voucher, and there is no limit on the amount.

If you meet the above conditions, please go to the local branch of our bank that can handle foreign exchange business with your valid personal identity document to directly handle the foreign exchange purchase business. For specific outlet information and other specific regulations, please consult local 95588 or counter staff.