Foreign exchange speculation refers to foreign exchange margin trading by investors through domestic brokers. At present, China has not officially opened the foreign exchange margin business, but it is not illegal to speculate in foreign exchange. Both China Bank and China Construction Bank have foreign exchange business directly involved in foreign transactions. As long as investors choose formal platform cooperation, they don't have to worry about the legality of foreign exchange speculation. In addition, according to the relevant regulations on foreign exchange management, the state does not explicitly prohibit individuals or institutions from trading foreign exchange margin, so the law can do it without prohibition, and investors can safely trade foreign exchange margin. As long as investors choose formal platforms when trading, such as commercial banks and brokers that have obtained regulatory permission to conduct foreign exchange margin trading business. Therefore, it is not illegal to speculate in foreign exchange in China.

law

Regulations of People's Republic of China (PRC) on Foreign Exchange Control Article 3 Foreign exchange as mentioned in these Regulations refers to the following means of payment and assets expressed in foreign currencies that can be used for international settlement:

(a) Cash in foreign currencies, including banknotes and coins;

(2) Foreign currency payment vouchers or payment instruments, including bills, bank deposit vouchers, bank cards, etc. ;

Foreign currency securities, including bonds and stocks;

(4) Special drawing rights;

(5) Other foreign exchange assets.

Article 7 Financial institutions engaged in foreign exchange business shall open foreign exchange accounts for customers in accordance with the provisions of the foreign exchange administration department of the State Council, and handle foreign exchange business through the foreign exchange accounts.

Financial institutions engaged in foreign exchange business shall submit their clients' foreign exchange receipts and payments and account changes to foreign exchange management agencies according to law.

Article 8 The circulation of foreign currency is prohibited in People's Republic of China (PRC), and settlement shall not be made in foreign currency unless otherwise stipulated by the state.

skill

The above answer is only for the current information combined with my understanding of the law, please refer carefully!

If you still have questions about this issue, I suggest you sort out relevant information and communicate with professionals in detail.