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What is the foreign exchange retention

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The proceeds are also called foreign exchange shares.

In order to encourage enterprises, units and individuals to earn foreign exchange, the foreign exchange retained by foreign exchange earning departments, local governments and individuals shall be distributed according to the measures and proportions prescribed by the State.

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Foreign exchange retention can be divided into trade foreign exchange retention and non-trade foreign exchange retention according to the business nature of foreign exchange income.

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According to the retention method, it can be divided into foreign exchange quota retention and retention, and according to the proportion of retention, it can be divided into full retention and partial retention.

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In THE ASPECT OF FOREIGN EXCHANGE RETENTION, FOREIGN TRADE COMPANIES, industrial AND trade COMPANIES, in principle, should be sold to the state, only according to the prescribed proportion of foreign exchange enterprises to retain part or all of the amount of foreign exchange, recorded in the account of foreign exchange quota, for future import use.

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