What is FX Cash Exchange?
This is a service for residents or non-residents in China to exchange from foreign currency to RMB and from foreign currency to foreign currency at Hua Xia Bank upon presentation of personal ID or passport. The currencies under this service are limited to USD, GBP, HKD, EUR, and JPY (available currencies may differ across the regions).

Features:
Exchange from foreign currency to RMB/foreign currency; addressing the need for international and local payment.

Benefits:
According to the current-day forex rate quotes published by Hua Xia Bank.

Applicable Clients:
Customers in needs of exchanging FX cash.

Service Channels:
Hua Xia Bank outlets authorized for foreign currency deposit services.

How to apply? 
1. The customer exchanges the foreign currency to RMB or to foreign currency at Hua Xia Bank upon presentation of personal ID or passport. 
2. For foreign currency exchanged into RMB, the foreign currency is converted into RMB of equivalent value according to the banknote forex bid rate of the day published by Hua Xia Bank. The bank writes foreign exchange memo (indicating foreign currency – RMB exchange) and delivers cash.
3. For foreign currency exchanged into foreign currency, the foreign currency is converted into RMB of equivalent value according to the banknote forex bid rate of the day published by Hua Xia Bank, and then convert RMB into your intended foreign currency according to the banknote forex ask rate. The small changes arising from conversion into the foreign currency are converted into RMB cash according to the banknote forex bid rate of the day published by Hua Xia Bank. The bank writes foreign exchange memo (indicating foreign currency – RMB exchange) and delivers cash.
4. The customers holding foreign passport shall take proper care of the forex memo, which is used to convert RMB back into foreign currency in one lump sum within 6 months since its issue.

Tips:
1. According to the current regulations of the State Administration of Foreign Exchange, the resident individuals exchange FX cash to RMB shall act in accordance with the Interim Measures on the Administration of Private Use of Foreign Exchange by Domestic Resident Individuals issued by the State Administration of Foreign Exchange.
(1) The customer exchanges at Hua Xia Bank directly for FX cash under USD 10,000 or equivalent. 
(2) For FX cash above USD 10,000 (inclusive) and below USD 50,000, Hua Xia Bank shall ask you for document to prove the purpose, record on file before acceptance of your application. 
(3) For FX cash above USD 50,000 (inclusive), Hua Xia Bank shall ask you for documents to prove the purpose and approval from the State Administration of Foreign Exchange before acceptance of your application.

2. The aforesaid documents of proof mainly include:
(1) Patent and copyright income: true and valid personal ID, patent or copyright certificate, transfer or licensing agreement, and proof of foreign tax payment. 
(2) Author remuneration: true and valid personal ID, published works, and proof of foreign tax payment.
(3) Consulting fee income: truth and valid personal ID, consultancy agreement, and proof of foreign tax payment.
(4) Income from insurance claim: true and valid personal ID, policy, claim statement, and proof of claim. 
(5) Profit and dividend: true and valid personal ID, investment agreement or proof of equity, resolution of profit distribution or dividend payment statement, and proof of foreign tax payment.
(6) Interest income: true and valid personal ID, bond or bond registration certificate or deposit interest statement, and proof of foreign tax payment.
(7) Annuity/pension: true and valid personal ID, statement of overseas employment, and proof of foreign tax payment.
(8) Wage/salary: true and valid personal ID, labor contract, and proof of foreign tax payment.
(9) Inheritance of estate dominated in foreign currency: true and valid personal ID, notary deed, and proof of foreign tax payment. 
(10) Alimony: true and valid personal ID and statement of family relationship. 
(11) Donation dominated in foreign currency: true and valid personal ID and donation agreement.