The income of current account foreign exchange accounts comes from trade, services and other current account foreign exchange, such as foreign exchange settlement accounts, temporary accounts to be paid and overseas donation accounts.
The income of foreign exchange accounts in capital projects comes from foreign exchange in capital projects, such as capital accounts of foreign-invested enterprises, special accounts for foreign debts and special accounts for foreign currency stocks.
2. According to the functions of accounts, they can be divided into two categories: foreign exchange settlement accounts and special accounts.
Foreign exchange settlement accounts are used for current account settlement, such as foreign exchange settlement accounts of Chinese-funded enterprises and foreign-invested enterprises.
Special account, that is, an account used to deposit specific foreign exchange income or for specific foreign exchange expenditure, such as overseas donation account, loan repayment account, temporary account, etc.
Extended data:
In China, foreign exchange accounts are opened in banks, but the approval authority for opening foreign exchange accounts is the State Administration of Foreign Exchange. Therefore, all domestic institutions must go through the examination and approval procedures at the State Administration of Foreign Exchange before opening foreign exchange accounts.
When handling the receipt and payment of accounts, the account opening unit must issue a certificate to the bank for the use of foreign exchange accounts. The opening bank shall handle the receipt and payment of the account with the account income and expenditure scope specified in the foreign exchange account use certificate as the account opening unit. Without the approval of the foreign exchange bureau, no account opening unit or bank may use the account beyond the scope.
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