Studying abroad, overseas medical treatment, overseas shopping... In recent years, there are more and more scenes of using foreign exchange around us, and how to purchase foreign exchange has become a "required course" for many people. In order to make it more convenient for peop

Studying abroad, overseas medical treatment, overseas shopping... In recent years, there are more and more scenes of using foreign exchange around us, and how to purchase foreign exchange has become a "required course" for many people. In order to make it more convenient for people to purchase and use foreign exchange, the foreign exchange management department has recently carried out reforms on matters related to personal foreign exchange purchase and use. I don’t know about these convenience measures, have you got them?

- "Application Form for Personal Foreign Exchange Purchase" Made Simpler

When reporters recently visited the currency exchange outlets of some banks, they found that the "Application Form for Personal Foreign Exchange Purchase" that needs to be filled out to purchase foreign exchange at banks has changed.

Compared with the old version of "Application Form for Personal Foreign Exchange Purchase" on the right, the new version of "Application Form for Personal Foreign Exchange Purchase" is more clear at a glance. This not only facilitates everyone to fill out the application, but also reflects that the channels for Chinese residents to use foreign exchange are more diverse. Photo by Xinhua News Agency reporter Liu Kaixiong

The new version of the application form no longer requires the declaration of specific information such as the country and school where students will study abroad during the foreign exchange purchase process. The required reading content for purchasing foreign exchange has been reduced, and only the "six prohibitions" for individual foreign exchange purchasing and penalties for violations have been retained. Some of the purposes for purchasing foreign exchange that individuals have difficulty understanding will be adjusted, such as "trade in goods" being changed to "overseas shopping", and some common purposes for purchasing foreign exchange will be added.

"Compared with the past, the processing process can save at least seven or eight minutes." Shi Jinping, Financial Management Manager of the Business Department of China CITIC Bank Beijing Branch, said that it usually takes about 15 minutes for customers to purchase foreign exchange. This does not include customers who are not familiar with filling in the content. Clear and a lot of consultation time spent.

On March 25, the State Administration of Foreign Exchange issued a notice that starting from April 1, 2021, a new version of the application form will be launched, which will greatly simplify the information to be filled in, reduce the reading content required for foreign exchange purchases, and optimize the filling form.

——No need to submit materials again

Businesses involving the purchase and use of foreign exchange, such as studying abroad and salary payment, are continuous and cyclical.

"Now, after customers present complete materials when handling these businesses for the first time, they do not need to submit the materials again when handling the business again." Li Mengmeng, deputy president of the Financial Street Branch of the Bank of Communications Beijing Branch, said that now there is "more data running away and fewer customers." "Back and forth", customers can buy foreign exchange more worry-free.

Continuous and periodic foreign exchange purchases such as studying abroad and salary payments no longer require repeated submission of materials. When going to the same bank again during the business duration, the bank is exempted from reviewing repeated materials. Photo by Xinhua News Agency reporter Liu Kaixiong

It is understood that in response to the continuous and cyclical demand for foreign exchange purchases such as studying abroad and salary payment, the State Administration of Foreign Exchange has previously piloted convenient policies in some regions and banks, allowing individuals to provide visas, passports, After receiving the admission notice and other materials, if you go to the same bank again during the business period, the bank will be exempted from reviewing the duplicate materials. The pilot showed good results and the risks were generally controllable, so it was extended nationwide.

——It’s faster to do it yourself

Nowadays, more “mobile banking” and self-service terminals can meet everyone’s daily foreign exchange purchase needs. "Now more and more people are purchasing foreign exchange online or at self-service machines." Shi Jinlan said that after the bank completed the system transformation in accordance with the new policy requirements, within the facilitation limit of US$50,000, customers It is more convenient to apply online or at a self-service machine. Just follow the prompts step by step.

Within the facilitation limit of US$50,000, people can self-service foreign exchange purchases through online banking, self-service terminals, mobile banking and other systems, which saves time, effort and is more convenient. Photo by Xinhua News Agency reporter Liu Kaixiong

The reporter learned from the State Administration of Foreign Exchange that, in accordance with the requirements of the notice, banks that have launched electronic banking personal foreign exchange settlement and sales business shall, in accordance with the "Reference of Technical Requirements for Optimization of Electronic Banking Personal Foreign Exchange Purchase", by the end of June 2021. Complete the transformation of the banking system.

At present, seven banks including Industrial and Commercial Bank of China, China Construction Bank, Bank of Communications, China CITIC Bank, China Everbright Bank, Ping An Bank, and China Merchants Bank have completed all-channel launch. According to the bank's online arrangement, by mid-June, 12 banks with large-scale personal foreign exchange settlement and sales business will gradually complete system transformation.

“We will continue to deepen the reform and opening up in the foreign exchange field, promote banks to comprehensively improve the quality of personal foreign exchange business services, and ensure the true and legitimate current account foreign exchange business needs of individuals."The person in charge of the relevant departments of the State Administration of Foreign Exchange said. (Reporter Liu Kaixiong)

Source: Xinhua News Agency