How do foreigners exchange their income from selling houses in China?

The transfer of RMB funds obtained by overseas groups or individuals from purchased domestic commercial houses shall be examined and confirmed by the branches of the State Administration of Foreign Exchange and the foreign exchange administration department (hereinafter referred to as the "foreign exchange bureau") where the commercial houses are located before the foreign exchange can be purchased and remitted:

1, foreign exchange purchase request.

2. Commercial housing transfer contract.

3, the transfer of housing ownership tax payment certificate.

At present, there are two main ways of personal communication in China.

The first is the exchange method that requires foreign currency cash or cash. The simplest channel is to exchange money through the bank counter and exchange RMB directly at the bank counter. The advantage is convenience, but the amount can't be too much, and a certain handling fee is needed.

The second exchange method does not require cash/cash. The first choice is the bank, which is safe and reliable. You can log in to the bank in official website to buy directly, and the handling fee is a little cheaper than going to the counter to exchange cash. The second way to handle foreign currency credit cards, credit cards with visa or master logo can be directly consumed abroad, and repayment in RMB is equivalent to indirect exchange of foreign exchange.

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Matters needing attention in foreign exchange trading

If you can change it at a domestic bank, don't go out and change it. Remember the first principle of how to handle foreign currency exchange: when domestic banks exchange foreign currency, the exchange rate is the most cost-effective. At the airport, exchange point, or ATM machine to exchange foreign currency, there will be exchange rate difference more or less. Therefore, before going abroad, it is best to make a general assessment of your own expenses. If you have enough time, look at the exchange rate of the day, or go to the bank to change it in advance.

The exchange time is chosen one or two weeks before the trip. For residents who need to leave the country, how to choose the exchange time is also a science. The reasonable exchange time mainly depends on the exchange rate fluctuation trend of the converted foreign currency. So, don't change it long in advance. Just pay attention to the exchange rate fluctuation trend of the foreign currency you have exchanged one or two weeks before you travel. Don't change money a day or two in advance, because many banks need to make an appointment in advance to change foreign currency.

If you change money to study abroad. Regarding how to handle foreign currency exchange when studying abroad, first of all, you should carry your passport, valid visa, official admission notice with your name, fee notice and translation, ID card or household registration book with you in the first academic year. The materials to be brought in the second school year include: the notice of charge for this school year, the proof of payment for the previous school year or semester, my power of attorney, student ID card and other proof of study, a copy of my passport and valid visa, and my or my agent's ID card or household registration book.

Don't change too much foreign currency if the demand is not great. Since shopping is mainly by credit card, cash is mainly used to pay for transportation, catering and other expenses. If too much foreign currency is not used up, it will be converted back into RMB after returning to China, and the transaction will cause a loss of about 1.2% in the case of US dollars. In addition, if you need to take foreign currency with the equivalent of more than 5,000 US dollars out of the country, you need to apply to the bank for a certificate of carrying before you can take it out of the country.

Baidu encyclopedia-foreign exchange