What does it mean to settle foreign exchange in a personal foreign exchange account? The concept of foreign exchange settlement means that the foreign exchange payee sells foreign exchange to the bank, and the bank pays the equivalent amount of RMB according to the exchange rate of the foreign currency. Foreign exchange receipts under current accounts that are not stipulated or approved to retain cash must be settled; foreign exchange receipts under capital accounts that are not stipulated or approved for foreign exchange settlement must not be settled. Domestic institutions must distinguish between current accounts and capital accounts for their foreign exchange income; banks must handle foreign exchange settlement or account entry procedures according to the different natures of foreign exchange income and regulations. Any foreign exchange income that cannot be proved to be under the current account shall be handled in accordance with the relevant regulations on foreign exchange settlement under the capital account. 2. Foreign exchange settlement requirements Domestic units that obtain the following foreign exchange income must settle foreign exchange and cannot retain foreign exchange.

Foreign exchange earned from exporting or paying first and then receiving re-exported goods and other transactions. Among them, the foreign exchange for trade exports settled by documentary letter of credit/letter of guarantee and documentary collection can be settled with valid commercial documents, and the foreign exchange for trade exports settled by remittance can be settled with the verification document of export foreign exchange receipts.

2. Foreign exchange income from winning international tenders under overseas loans.

3. Foreign exchange income from domestic sales of duty-free goods under customs supervision.

4. Transportation (including various modes of transportation) and ports (including airports), post and telecommunications (excluding international remittances), advertising, consulting, exhibitions, consignment, maintenance and other industries and various agency businesses Foreign exchange from the provision of goods or services.

5. Various foreign exchange fees, fines and confiscations received by administrative and judicial agencies.

6. Foreign exchange income from the transfer of intangible assets such as land use rights, copyrights, trademark rights, patent rights, non-patented technology, goodwill, etc. However, if the above-mentioned intangible assets are owned by individuals, no foreign exchange settlement is required.

7. Foreign exchange profits repatriated by overseas investment enterprises, foreign exchange recovered under foreign financial aid and foreign exchange income from overseas assets.

8. Foreign exchange income from external claims, returned foreign exchange deposit, etc.

9. Foreign exchange income from leasing real estate and other foreign exchange assets.

10. Insurance institutions accept foreign exchange income from foreign exchange insurance.

11. The net income from the foreign exchange business of financial institutions that have obtained the "Foreign Exchange Business License".

12. Foreign exchange income from foreign donations, funding and aid.

13. Other foreign exchange that should be settled as prescribed by the State Administration of Foreign Exchange.

14. Foreign-invested enterprises’ foreign exchange income under the current account can retain foreign exchange within the maximum amount approved by the foreign exchange bureau. The excess should be sold to designated foreign exchange banks or sold through foreign exchange swap centers.

Foreign exchange settlement is the abbreviation of foreign exchange settlement (exchange settlement/foreign exchange settlement). It is divided into two situations: personal settlement and company settlement. It must be handled at the bank or online banking. At present, in our country Many domestic banks can handle this.

Mandatory foreign exchange settlement means that all foreign exchange receipts must be sold to designated foreign exchange banks, and foreign exchange is not allowed to be retained; willing foreign exchange settlement means that foreign exchange receipts and remittances can be sold to designated foreign exchange banks, or foreign exchange accounts can be opened to retain and settle foreign exchange. It is up to the owner of the foreign exchange income to decide whether to do so; quota settlement means that foreign exchange income does not need to be settled within the amount approved by the state. If the amount exceeds the limit, it must be sold to a designated foreign exchange bank. In our country, a compulsory exchange settlement system was implemented in the past. After the new "Foreign Exchange Management Regulations" were promulgated on August 1, 2008, our country is currently implementing a willingness exchange settlement system.

What does it mean to separate funds in foreign exchange accounts?

This is a new security model of fund supervision. Customer funds are stored in special bank accounts in accordance with relevant regulatory requirements. in and separated from the capital account of the foreign exchange company.

Client funds cannot be combined with the operating assets of the foreign exchange company. This ensures that the customer's funds will never be used.

Client funds are stored in segregated accounts at major international banks and may not be used for any purpose other than client transactions. How to open a personal foreign exchange account?

If you are a novice speculating in foreign exchange or gold, I would like to give you some suggestions:

1. Choose a mainstream platform (one regulated by the FSA can ensure the safety of funds)

2 Basic knowledge is necessary. It is recommended to read "Introduction to Foreign Exchange Speculation" and "Japanese Candle Chart Curve Analysis". This book is edited by Wang Zujian. You can also collect information online. This book and other free e-books on foreign exchange technology can be downloaded for free from Global Financial Network

3. Choose a good agent, preferably a first-level agent. They are most afraid of your complaints, so their operations are very formal. The safety of your funds is guaranteed

4. It is important to set a stop loss and control the position when trading.

5. Maintain a good attitude. Profit is normal. The platform I am working on now is fxsol

You can find out more about Global Jinhui.com, which is the first-level agent of fxsol and FXCM in the Asia-Pacific region. Mainly it's regular and nothing has happened. (Note: You also need to know some basic foreign exchange knowledge.)

If you are a novice, you can register a foreign exchange demo account for free first. Take a look at how simulated foreign exchange speculation works, and you will understand slowly.

Address: fxsol Global Financial Network under Baidu. How to withdraw money from a personal foreign exchange account!

1. You must have a foreign exchange account in China. Some banks require special applications, and some banks have multiple currency functions for one account. 2. Ask the bank for an overseas remittance route map, which includes domestic bank account information abroad, remittance routes in various currencies, intermediary bank information, remittance payee information, and domestic bank information, etc. 3. Fill in the required content of the road map and provide it to the foreign remitter. 4. The remitter gives the route map to the foreign bank and pays the handling fee according to the requirements of that bank. Different countries and different banks have different fees. 5. The payee receives the remittance. Note: Different domestic banks have different collection times. Recommendation: China Merchants Bank all-in-one card can be received within 3 working days, excluding weekends, festivals and holidays. Because China Merchants Bank joined the international bank organization, it was very fast. The intermediary bank is in Hong Kong and will deduct handling fees. How to open a personal foreign exchange account

Just choose the platform and open an account online.

To open an account online, you need the front and back of your personal ID card, the front and back of your personal bank card, and your bank account opening address (facilitates withdrawals, but some platforms do not require this).

The following are personal suggestions

1) It is recommended that individuals apply directly on the official website to avoid the account manager’s bonus.

2) You can directly apply for an agent account (the agent account is for earning rebates)

3) Try to choose some regular platforms (reputable ones). What is a foreign exchange leveling account? mean?

The foreign exchange stabilization fund system first began in the United Kingdom in 1932. Its basic content is that the *** allocates certain domestic and foreign currency funds to establish a foreign exchange stabilization fund account, and foreign exchange reserves are included in the management of this account. All funds used for foreign exchange market intervention will also go to the stabilization fund account. The foreign exchange stabilization fund account is controlled by the Ministry of Finance, and the central bank only manages the account as the agent of the account. In our country, it is not important whether the central bank or the Ministry of Finance leads the foreign exchange stabilization fund account. The key is to separate strategic decision-makers and policy executors. Foreign exchange intervention through the foreign exchange stabilization fund does not affect the assets and liabilities of the central bank. This situation can effectively cut off the direct connection between the increase in foreign exchange reserves and the central bank's base currency injection, ensuring the independence and continuity of the central bank's monetary policy.

Consider learning from Japan's experience and issuing special government bonds or special bills similar to FBs for the stabilization fund to purchase foreign exchange, and legally defining them as cash management coupons to adjust the balance of funds and not recorded as *** debt. When the stabilization fund account issues stabilization fund bonds to raise RMB funds, it should consider the impact on money market interest rates and its effect on monetary policy. That is, all its asset and liability activities should not hinder the central bank from pursuing the ultimate goal of monetary policy. accomplish. This seems to be a basic principle that major developed countries must abide by in foreign exchange reserve management and foreign exchange market intervention. Can a personal foreign exchange account accept remittances from foreign companies?

Yes. I often use China Merchants Bank, Bank of China, and China Construction Bank to collect money. But I haven’t tried it with other accounts. I think it should be OK.

The money can be withdrawn in cash. If If it is US dollars, just withdraw them.

Of course, it is best to settle the exchange in RMB, because the cash will not be worth the RMB when you take it out. What do foreign exchange, settlement of exchange, purchase of foreign exchange and payment of foreign exchange mean?

Foreign exchange: foreign currency used for international trade settlement and checks, bills of exchange, promissory notes, etc. that can be exchanged for foreign currencies.

Foreign exchange settlement: Enterprises or individuals buy or sell foreign exchange to banks according to the foreign exchange quotation, which is called "foreign exchange settlement".

Purchase foreign exchange: The meaning of purchasing foreign exchange. In China, our standard currency is RMB. When we need to pay in foreign currency after a foreign currency transaction, the act of using RMB to purchase and pay in foreign currency is called purchasing foreign exchange.

Foreign exchange payment: Generally refers to the process in which import enterprises need to pay the payment for goods abroad from their foreign exchange account when doing import business.