How to handle the cross-border remittance of international students?
Current account remittance of domestic individuals on the same day shall not exceed the equivalent amount of 50,000 yuan, which can be directly handled at the bank with identity documents.
If the amount exceeds the equivalent value of $50,000, the transaction shall be handled at the bank by presenting authentic documents of transaction volume.
02. Exit Control Can foreign students withdraw cash and carry it out of China?
Relevant regulations on the management of foreign currency cash. At present, the deposit and withdrawal of foreign currency cash are managed by a single day limit.
If you withdraw less than $10,000 on that day, you can do it directly at the bank.
Withdrawal of foreign currency exceeding the equivalent of US $10,000 shall be handled by the bank on the strength of the filing form signed by the Administration Bureau.
In general, the foreign exchange bureau will only issue the record form of banknote withdrawal under special circumstances such as going to war and strict countries (or regions).
Under normal circumstances, the amount of cash withdrawn should be less than the equivalent of US $10,000. It is recommended that the foreign exchange obtained from foreign exchange purchase be remitted abroad by cross-border remittance.
03. Exit Declaration Whether it is necessary to declare to the Customs when carrying foreign currency in cash out of the country.
Individuals carrying the equivalent of US $50 to US $10,000 should apply for a certificate of carrying from the original foreign exchange purchase bank or the bank where the account is opened.
In principle, a single person is not allowed to take more than $10,000.
At the same time, you should also pay attention to bringing the unused foreign currency cash into the country again. If it exceeds the equivalent of US $5000, you should submit a written declaration to the customs when you return home.
4. Can foreign students buy and pay foreign exchange for the convenience of buying a house in a foreign country?
At present, domestic individuals’ overseas purchase and securities investment belong to capital items not opened by laws and regulations, so they cannot handle foreign exchange purchase and payment for overseas purchase.
05. Can international students buy insurance abroad?
It IS OK THAT THE PERSONAL accident insurance and disease insurance PURCHASED by domestic individuals to travel abroad, study abroad and business activities belong to the transaction of current items.
However, life insurance and investment return bonus insurance purchased by domestic individuals abroad are capital account transactions, and the current foreign exchange management policy has not been opened.
Therefore, if you buy personal accident insurance and sickness insurance while studying abroad, you cannot buy life insurance and investment return dividend insurance.
Investors still focus on Omicron, two factors may guide the market theme.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.
