According to the provisions of the State Administration of Foreign Exchange, the following acts will be defined as "selling foreign exchange in pieces":
1, five or more different individuals remit foreign exchange to the same person or institution abroad after purchasing foreign exchange on the same day, every other day or for several consecutive days;
2. Individuals withdraw foreign currency cash close to the equivalent of 1 10,000 USD from the same foreign exchange savings account for more than 5 times within 7 days;
3. The same person transfers the deposits in his foreign exchange savings account to more than five immediate family members, etc.
All the above behaviors will be defined as personal sharing of foreign exchange settlement and sale (commonly known as "ant moving") and will be blacklisted. Violators will have their foreign exchange quota of more than 65.438 billion US dollars cancelled for two years.
The State Administration of Foreign Exchange of China will strictly enforce the ban on foreign exchange splitting from June 20 16 to June 2006 10, improve the management of the "watch list" of personal foreign exchange business, and directly put individuals who borrow others' quotas to handle foreign exchange settlement and sale into the "watch list"-the so-called "blacklist". Violators will be deprived of the foreign exchange quota of $654.38 million for two years.
Although the foreign exchange bureau explained that the "watch list" is not a "blacklist", as far as this ban is concerned, all people who enter the "watch list" need to provide proof of the "transaction amount" if they need to exchange foreign exchange within two years.
Extended data:
In fact, this "attention list", known as the blacklist of personal foreign exchange purchases, began as early as 2065438+September 2005, but it has not been strictly enforced. However, from 20 16 to 1, the ban has been strictly enforced.
According to the industry analysis, the notice of the State Administration of Foreign Exchange in China said that personal travel and foreign exchange for studying abroad were less affected. Take studying in Australia as an example. Tuition and living expenses of tens of thousands of Australian dollars per year can be settled within the limit of 50 thousand dollars. People who invest in buying a house have the greatest impact. It is obviously more difficult to remit a lot of RMB now.
Individuals who enter the "watch list" are afraid that foreign exchange in any bank will be subject to stricter supervision. Safe said that it will rely on the new system to strengthen the "watch list" management and off-site monitoring, collect, analyze and publish relevant data in a centralized way, and realize the nationwide sharing of the "watch list". This means that those who over-exchange foreign exchange will find it difficult to hide.
Many mainland enterprises are also affected and the government is willing to strengthen the management of their funds. China businessmen want to send money abroad, but the government has noticed the phenomenon of capital outflow, so it is taking a multi-pronged approach.
References:
Baidu Encyclopedia-Notice of the State Administration of Foreign Exchange on Further Improving the Management of Personal Settlement and Sale of Foreign Exchange