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Does Chow Tai Fook Futures need to report to the bank for large cash withdrawal?
Chow Tai Fook Futures needs to report to the bank for large cash withdrawal. According to the Regulations of People's Republic of China (PRC) on Foreign Exchange Control, when domestic individuals make non-trade foreign exchange receipts and payments such as equity transfer income and securities investment to overseas companies or individuals, they should register foreign exchange and declare relevant information. Futures is a financial contract, including financial instruments or the sale of physical goods for future delivery (usually on a commodity exchange). The value of a futures contract to an index or commodity at a future date.