What is the foreign exchange quota

Quota refers to the foreign exchange index approved by the administration of foreign exchange for use by enterprises.

The foreign exchange quota refers to the foreign exchange quota approved by the administration of foreign exchange for use by enterprises.

When an enterprise uses foreign exchange, it may, upon approval by the administration of foreign exchange, purchase and support funds from the Bank of China according to the approved amount of foreign exchange.

Foreign exchange quota is one of the main ways of foreign exchange management in China.

Except for the enterprises and regions that are approved to keep foreign exchange cash, the method of retaining the proceeds from the quota of foreign exchange must be implemented.