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Peasant

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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...

4 years 43 weeks ago in  Money & Banking - China

 
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Posts: 424

Governor

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The best is change your money before you leave China.. into USD, euros or pounds... most banks currently abroad don't accept rmb.

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4 years 43 weeks ago
 
Posts: 1318

Shifu

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Well customs have their own limits, but as far as China is concerned.... you can bring as much in as you want, but good luck trying to get it out.

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4 years 43 weeks ago
 
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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.

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4 years 43 weeks ago
 
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Governor

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$5000 is the limit...

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4 years 43 weeks ago
 
Posts: 164

General

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You should spend your leftover money to buy gifts for your family members. Wink

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4 years 43 weeks ago
 
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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.

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3 years 50 weeks ago
 
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Governor

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Chinese will not let you leave with money easily.so my advice is to send it to your bank account abroad and then leave the country

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3 years 50 weeks ago
 
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Answer of the DayMORE >>
A: Try me with that Q&advice: 'read the Contract!'Tits and others are
A:Try me with that Q&advice: 'read the Contract!'Tits and others are right: 'read the Contract and ask questions, before you sign it!'What else could I tell OP/you? Call your mom? Chinese will take an advantage of foreigner by pretending their English understanding is different than ours is. In their way 'they just negotiate'. There's nothing wrong with 'negotiating' in China. However, we (I do) understand that as 'cheating'.I seek Gov.'s help very often! Too often, since I am an English teacher without any Contract disrespect in 7 years of working in China. Why do I need Gov.'s help in Contract respect, if I perform without flops? There are only two parties on the Contract. By my assumption, if B honors Contract, A should do the same.Latest example at my full-time gig: 'I arrived to the office half an hour before scheduled classes, and rep. told me I am excused from work for 3 following days. 15' before my scheduled classes, I am told classes are canceled. Good, but I must receive full pay same as I would attend classes.Rep's reply: 'Chinese teachers at our School are paid per classes they perform, so you also won't get paid, because School canceled classes!' He didn't mention '... canceled classes on time', what I wouldn't necessary object, if I would get notice at least a week before.Now, management can do that to Chinese and other foreigners similar to OP and you, but not to me! I read and understand Contract, and get everything it belongs to me. School is now aware, that they are better off, if they schedule my classes elsewhere, because pay for not working by School's wish is warranted by Contract.I am required by present Contract to resign for any reason with 3-m RN. OK, but that also means I must receive School's notice about renewing the Contract in April or 3 months before the RP expiration, not 10 days before RP expiration as it's Schools custom in China. Try and find new RP sponsor in 10 days, me being Non-native English....Looking forward to that 'show' in April next year. School just demand 3-m RN, but they aren't aware of 'mirror effect' of that requirement.In my previous Contract, I sat in my room for 30 days, because School's excuse: 'managers are too busy to assemble your timetable'. OK, but I received full pay for the entire month of not working. At chat with SAFEA, I told Gov. that is School's Contract violation, and I can resign, because party A promised with Contract I will have 60 classes per month with what SAFEA agreed. I submitted Resignation notice in the middle of 2nd year's Contract and:- kept my RP intact;- received all necessary docs. from the School (with SAFEA's help) for RP transfer to the new employer;- got some 20k in late pay from the School.That all was just because I am aware of the Contract meaning, which I also respect 100%. How's my English? -- icnif77