Increase the Forex Purchase Amount for Mainland Citizen

Recently, the State Administrative of Foreign Exchange has announced the "The Notice about Private Forex Purchase Amount Adjustment for Domestic Citizen and the Simplification of the Related Procedures". Details as follow:

1. The upper limit of purchasing forex by domestic citizen for the purpose of traveling, family visit and study tour etc has been increased from USD3,000 to USD5,000 if the individual travels outside mainland for less than 6 months. For a trip lasting over six months, an individual may purchase up to US$8,000. For the purpose of aid to overseas direct relatives, subscription to international organization membership fee, overseas mail order etc, an individual may purchase up to USD5,000.

2. For the purpose of tuition fee payment for overseas study, an individual should provide the admission notice issued by overseas school or the payment slip to proof that the full amount of tuition fee has been transferred overseas. Living expenses is set at USD20,000 for each individual per year. The RMB guarantee deposit for student has also been decreased to RMB2,000.

3. In the case that domestic citizen makes payment overseas by using 'foreign currency credit card', cardholder is allowed to repay at the card issuing financial institution and there is no limit for the forex purchase under such situation.

2005年8月3日
國家外匯管理局發佈
匯發〔2005〕60號

國家外匯管理局近日發佈了《關於調整境內居民個人經常專案下因私購匯限額及簡化相關手續的通知》。主要內容如下：

1、 境內居民個人出境旅遊、探親、考察等有實際出境行為的購匯指導性限額，出境時間在半年以下的，由等值3000美元提高為等值5000美元；在半年（含）以上的，由等值5000美元提高到等值8000美元。對於境外直系親屬救助、繳納國際組織會費、境外郵購等有實際用匯需求但沒有出境行為的購匯，指導性限額由等值3000美元調整為等值5000美元。

2、 自費留學購匯繳納學費可以憑境外學校錄取通知書或費用證明上所列明的學費金額全額匯出，生活費為每人每年不超過等值2萬美元。同時降低自費留學人員購匯時預交人民幣保證金的要求，將人民幣保證金金額由原來的2：1降低為每筆2000元人民幣。

3、 對於境內居民個人持境內金融機構發行的外幣卡在境外進行的經常專案下的消費支付所形成的透支，持卡人可以在髮卡金融機構購匯償還，購匯金額沒有數量限制。