Some banks have been approved to set up electronic bank personal settlement business

Xinhua Beijing, April 23, according to the State administration of foreign exchange website news, in order to better support the banking business innovation, convenient for personal transaction business, recently, the State administration of foreign exchange has approved the Chinese bank, China Merchants Bank and ICBC pilot Electronic bank personal settlement business. February 2007 "Personal Foreign exchange Management measures" and its rules have been formally implemented, individuals with valid identity documents to the bank counters can handle my annual total purchase and settlement business. The pilot set up electronic bank personal business transactions, for individuals to provide a more efficient and convenient business management channels, the territory of individuals holding their own effective People's Republic of China resident identity card in the pilot bank opened an account, you can through the Internet banking or self-service terminals,　　Direct processing of my annual total within the regular term of the non-operation of the purchase of foreign exchange and settlement business, improve the efficiency of business management, while helping to reduce the pressure of bank counters, reduce the cost of banks. Through the electronic banking system and the "Personal Sales Exchange Management Information System" data information sharing mechanism, the domestic individual in the electronic banking system for the acquisition and settlement business of the relevant information will be real-time, automatic transmission to the "Personal settlement Management Information System", and into the personal sales of the annual total turnover management. The State administration of foreign exchange will closely follow the monitoring of the pilot operation, summarize the pilot experience, prevent abnormal foreign currency funds from using personal electronic bank channel flow, and maintain a regulated and orderly foreign exchange market environment.