China's personal current account foreign exchange business will welcome three major conveniences

　　China News Service, Beijing, April 2 (Reporter Xia Bin) The State Administration of Foreign Exchange of China (hereinafter referred to as the "Notice on Business Facilitation" (hereinafter referred to as the "Notice"), the Deputy Director of the Foreign Exchange Administration and spokesperson Wang Chunying said that the notification will bring three major conveniences in personal foreign exchange business under current accounts.

　　Wang Chunying pointed out that the first is to improve the efficiency of filling in the "Application for Individual Foreign Exchange Purchase".

The new version of "Personal Foreign Exchange Purchase Application" further optimizes the filling items and methods, and improves the filling efficiency.

　　The second is to optimize the personal part of the current account business handling process.

For continuous and periodic businesses such as purchase and payment of foreign exchange for study abroad, foreign exchange settlement and sale of salary, etc., the process of re-processing in the same bank is optimized to avoid repeated submission of materials.

　　The third is to enhance the bank's ability to handle complex personal current account business.

Banks are required to establish a special foreign exchange business disposal system for personal current accounts, and for "uncommon and difficult to judge" personal real and legal current foreign exchange business, the principle of "substance is more important than form" is handled.

　　Wang Chunying emphasized that the foreign exchange bureau will continue to coordinate development and security, deepen the reform and opening up of the foreign exchange field, promote banks to comprehensively improve the service quality of personal foreign exchange business, and ensure the real and legal current account foreign exchange business needs of individuals.

Severely crack down on illegal and illegal foreign exchange activities such as money laundering, underground money houses, and cross-border gambling, and resolutely maintain the health and stability of the foreign exchange market.

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