Cannot purchase foreign exchange.
The process of purchasing foreign exchange is as follows: 1. I bring my valid identity certificate to the bank to open a foreign exchange trading account, sign the "Personal Firm Offer Foreign Exchange Trading Agreement", and deposit foreign exchange. You can also transfer existing funds to the bank. Transfer the cash account deposit to the bank that provides personal foreign exchange trading business; handle the account opening procedures for online transactions and telephone entrusted transactions.
2. If over-the-counter transactions are used, Bank of China and Bank of Communications have no limit on the starting amount for opening an account. The starting amount for opening an account at Industrial and Commercial Bank of China and China Construction Bank is US$50. If trading is conducted over the phone, the starting amount for opening an account at Bank of Communications is US$50. 300 US dollars equivalent in foreign currency. The starting amount for opening an account at ICBC is 100 US dollars equivalent in foreign currency.