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Guide to purchasing foreign exchange for outbound travel


State Administration of Foreign Exchange (SAFE) of the provinces, autonomous regions, municipalities directly under the Central Government Branch, Foreign Exchange Management Department, Shenzhen, Dalian, Qingdao, Xiamen, Ningbo City Branch, each Chinese cashbackforexeign cashbackforexpip designated banks: According to the "Meas forex cashback easyes for the Administration of Chinese Citizens Outbound Travel" issued forexcashbackeasy the State Council on the 100%cashbackforex exchange required for Chinese citizens outbound travel by the individual tourists to purchase foreign exchange on their own. The State Administration of Foreign Exchange (SAFE) has decided to adjust the personal incidental expenses required by Chinese citizens for outbound tourism from unified purchase by travel agencies to individual purchase by Chinese citizens, and hereby informs the relevant issues as follows: A. Travel agencies approved by the National Tourism Administration to handle outbound tours for Chinese citizens (hereinafter referred to as the organizing agency), no longer unified purchase of personal incidental expenses on behalf of tourists, tourists can hold the relevant The travel agency shall strictly follow the actual outbound tour list of each group and issue the "Chinese citizens abroad travel purchase order" (hereinafter referred to as the "purchase order" see annex) for each traveler to use when purchasing foreign exchange Foreign exchange purchase order" in duplicate the tour operator to retain the first copy for the purchase of foreign exchange to pay the tour fee, the second copy to the tourist for the purchase of foreign exchange tour operator also need to be issued by the tourism administrative department of "Chinese citizens traveling abroad group list" (hereinafter referred to as "list") number filled in the "foreign exchange purchase order" three, the format of the foreign exchange purchase order by The State Administration of Foreign Exchange design, each tour operator printed IV. Tourists should personally go to the bank before departure for the purchase of personal petty cash, the purchase of foreign exchange must provide the following materials to the bank: (a) the tour operator to provide the tourist "purchase of foreign exchange" (the original); (b) Tourists themselves have completed the visa passport, such as the passport does not have a visa record, should provide the organizing tour operator issued to the tourists a copy of the group travel visa list; (c) the organizing tour operator to provide the tourists with a copy of this outbound "list form" V. Banks in the sale of foreign exchange for tourists, the authenticity of the following content should be Audit: (a) according to the passport to check whether the tourist himself; (b) the content of the "purchase of foreign exchange" is complete, clear, "purchase of foreign exchange" on the tour operators seal and the bank to leave the seal is consistent; (c) review whether the tourist has not left the country after the purchase of foreign exchange before the record; (d) review whether the name of the person who purchased the remittance is on the "List" provided by the tour operator; (e) whether the tour operator is within the "List of Travel Agencies Licensed to Operate Overseas Tourism for Chinese Citizens" published by the National Tourism Administration; (f) whether the destination of the organized outbound tour is in line with the "Destination of Outbound Tourism for Chinese Citizens" published by the National Tourism Administration. (f) whether the destination of the outbound tour is in line with the "list of countries (regions) for outbound tourism for Chinese citizens" published by the National Tourism Administration After the bank has gone through the procedure of selling foreign exchange for the tourist, it shall indicate in the tourists passport that the foreign exchange has been sold and the date of sale and keep the vouchers mentioned in Article 4 for inspection Sixth, the bank shall provide foreign exchange for private individuals in accordance with the standards stipulated by the State Administration of Foreign Exchange, in accordance with the foreign exchange rate on the day of exchange. After deducting the foreign exchange equivalent of the RMB tour fee charged by the tour operator, the bank shall sell the remaining foreign exchange to the traveler as personal petty cash. Seven, when the tour operator goes through the procedure of purchasing foreign exchange for the outbound tour fee, the RMB funds required for the purchase must be submitted to the bank in the form of a cheque or bank transfer, and the following documents shall be submitted to the bank: (a) The official letter from the organizing tour operator applying for exchange (detailing the group number, the number of outbound tour participants, the destination, and the amount of tour fee purchased); (ii) The actual "List of Chinese Citizens Outbound Tour Groups" issued by the tourism administrative department used by the organizing tour operator; (iii) The official letter from the organizing tour operator and the overseas agency according to the "Outbound Tour (d) the first copy of the purchase order retained by the tour operator (the bank shall examine the original and retain a copy) . Eight, the bank shall be responsible for the post-facto write-off of the outbound tour fee purchased by the tour operator. For those who fail to leave the country for any reason, the tour operator should go through the procedure of refunding the purchased tour fee IX. Where the tour operator fails to return the List Form to the bank within the specified time, or the List Form is not stamped with the seal of receipt of border inspection, or the List Form does not match the actual departing persons and the procedure of refunding the purchased tour fee is not carried out, the bank should stop handling the purchased tour fee for the tour operator. The bank shall stop handling the tour fee for the tour operator and inform the local foreign exchange bureau of the situation X. Where the content of the provisions of the document Hui Fa [2001] No. 3 and Hui Fa (2001) No. 122 contradicts the relevant provisions of this article, this Notice shall prevail, and other provisions shall continue to be effective XI. This article shall be implemented from July 1, 2002 by State Administration of Foreign Exchange is responsible for the interpretation of