Q: How many RMB can you take in and out of China?
I'm going to be leaving China soon after my trip in the south, and I was wondering if there was a limit of RMB I can take back with me...or even in for that matter. I came to China with 17,000 RMB in my carry-on without even wondering if there was a limit...
My bank provided me with this information. Hope it helps.
RMB20,000 cash can be carried out of China. Up to USD$5,000 equivalent can be carried out of China in foreign currency (cash). Amounts greater than US$5000 and up to US$10000 will require a permit for Taking Foreign Currency Out of Customs Territory issued by the FX designated bank. A Permit for an amount over US$10000 needs to be applied from SAFE directly.
This is uncomfirmed by me with regulators, but reputable online sources say that Chinese nationals can only transfer out $50,000 in cash each year, per person. This means that husband and wife can transfer out $50,000 each or $100,000USd each year or $200,000 in 13 months. This is a lot and equivalent to 1.26 Million RMB every 24 months. I don't think too many will be doing this. I have never heard of a limit for foreigners to transfer money out but one might exist. I am sure global banks like HSBC or Citi would have answers for you.