The following contents are stipulated:

1. Quota stipulation:

It is stipulated that each person's overseas remittance (including foreign exchange receipt and settlement) cannot exceed 5, US dollars per year. If the amount exceeds, the surplus amount will not be settled until the next year, and the surplus US dollars can also be transferred to other people's accounts for settlement, or the US dollar cash can be taken out in the name of others for settlement in cash.

2. declaration of funds

at present, China has strict supervision over the use of funds for cross-border payment of foreign exchange. All cross-border remittances need to be declared, including individual cross-border remittances. The contents of the declaration include: payee information, the purpose of remittance and the amount of remittance;

3. Notes on the application of funds

According to the national regulations, there are many purposes that can be remitted abroad, such as personal travel abroad, business trip, study abroad, shopping, gifts, alimony, etc. These purposes can be remitted. However, it is forbidden to buy houses, life insurance, funds and stocks abroad under capital.

1. Foreign exchange refers to the creditor's rights held by the monetary administrative authorities (central bank, monetary management institutions, foreign exchange stabilization fund and the Ministry of Finance) in the form of bank deposits, treasury bonds of the Ministry of Finance, long-term and short-term government securities, etc., which can be used when the balance of payments is in deficit.

second, all assets owned by a country expressed in foreign currency. It refers to the flow of money between countries and a specialized business activity of exchanging the currency of one country for the currency of another country to pay off the international creditor's rights and debts.

Third, it is actually the creditor's rights held by the monetary administrative authorities (central bank, monetary management institutions, foreign exchange stabilization fund and the Ministry of Finance) in the form of bank deposits, treasury bonds of the Ministry of Finance, long short-term government bonds, etc., which can be used when the balance of payments is in deficit.

iv. various means of payment expressed in foreign currencies that are generally accepted by all countries and can be used for international settlement of creditor's rights and debts. It must have three characteristics: affordability (assets that must be expressed in foreign currency), availability (claims that can be compensated abroad) and convertibility (foreign currency assets that can be freely exchanged for other means of payment).

5. According to the degree of restriction, it can be divided into freely convertible foreign exchange, limited freely convertible foreign exchange and bookkeeping foreign exchange

1. Freely convertible foreign exchange refers to the foreign exchange that is most used in international settlement, can be freely traded in the international financial market, can be used to pay off creditor's rights and debts in international finance, and can be freely converted into other countries' currencies. Such as US dollars, Hong Kong dollars, Canadian dollars, etc.

2. Limited freely convertible foreign exchange refers to foreign exchange that cannot be freely converted into other currencies or paid to a third country without the approval of the currency issuing country. The International Monetary Fund stipulates that all currencies that have certain restrictions on international current payments and capital transfer are limited freely convertible currencies. More than half of the national currencies in the world are limited convertible currencies, including RMB.

3. Bookkept foreign exchange, also known as clearing foreign exchange or bilateral foreign exchange, refers to foreign exchange that is kept in bank accounts designated by both parties and cannot be converted into other currencies or paid to a third country.