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Private-purpose FX Purchase

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.