Introduction
Private-purpose FX purchase refers to the purchase of foreign exchange from the designated bank by Chinese residents for private purposes such as traveling, pilgrimage, visiting relatives, seeing doctors, self-funded study, business inspection, training and working abroad, as well as paying association fee to international organizations, settling mail order, aiding abroad lineal relatives, international communication, etc.
Client Guide
• If there is actual behavior of going outside China , the guidance line of the private-purpose FX purchase is USD 5,000 or equivalent per person per time for leave with period stipulated in the visa within 6 months, and USD 8,000 or equivalent for leave with period stipulated in the visa beyond 6 months.
• When there will be no such behavior, the guidance line is USD 5,000 or equivalent per person per time.
Business Handling
When handling private-purpose FX purchase, your private-purpose passport, valid visa or photocopy of group visa sealed by the travel agency, ID documents shall be presented.
The Pass for Entry to HK/Macao or other valid pass issued by competent authority is legitimate substitution for passport or valid visa when you are trying to go to HK/Macao.
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FX Wealth Management