According to laws and regulations of the People’s Republic of China, Chinese citizens residing in mainland China cannot use foreign exchange purchases for purposes related to restricted capital account items, such as offshore real estate purchase, securities investment, and purchase of life insurance and insurance with investment returns. Customers who are Chinese citizens residing in mainland China are required to abide by the foreign exchange management policies of China and to ensure truthfulness and compliance of their foreign exchange purchase and remittance business. East West Bank reserves the right to take necessary measures against violations of relevant foreign exchange management policies, including return of remittance, account closure, etc.
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