When an enterprise receives a remittance from overseas, the processing process is as follows:

(1) If the enterprise does not have a foreign exchange account, the bank will conduct foreign exchange settlement for the enterprise at the exchange rate of the day after receiving the overseas remittance. There is no amount limit for this process.

(2) After the foreign exchange settlement is completed, the bank will transfer the equivalent RMB into the enterprises account and provide the enterprise with an exchange memo as proof of foreign exchange settlement.

After receiving foreign exchange, the enterprise needs to carry out the following operations:

The enterprise needs to log in to the export?Forex Settlement?online verification system to complete the declaration and verification of foreign exchange, ensuring that the foreign exchange income is consistent with the exported goods.

In China, there are three ways of foreign exchange settlement, namely:

(1) Compulsory foreign exchange settlement:All foreign exchange income received by the enterprise must be sold to the designated bank for foreign exchange settlement, and the enterprise cannot retain any foreign exchange. This is to control foreign exchange risks and maintain the stability of foreign exchange.

(2) Voluntary foreign exchange settlement:The enterprise can choose whether to sell the foreign exchange to the bank for foreign exchange settlement or choose to open a foreign exchange account for storage. Under this method, the decision of foreign exchange settlement completely depends on the enterprise itself.

(3) Quota Settlement of Exchange:Enterprises can choose not to settle foreign exchange within a certain quota, but the part exceeding this quota must be sold to a designated bank for settlement.

At present, China mainly implements a mandatory foreign exchange settlement system, but enterprises under certain specific conditions can implement quota foreign exchange settlement after obtaining approval. For individuals, a voluntary foreign exchange settlement system is mainly adopted.

The above are the operations and regulations regarding export foreign exchange settlement. Enterprises must strictly follow the relevant regulations when settling foreign exchange to ensure compliant operations.