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Q: Money: What's the maximum amount you can get from abroad?
If a freelance broker lives in China and then closes a deal, are there limitations to how much money he/she can get into his/her bank account? Any taxes?
If that broker happens to be a student can that result in legal problems to the student?
Don't know about stock brokers but I know for sure you can send any amount you want. China welcomes you to do so into anyone's account so long as it is foreign currency into RMB. The hard part is getting money out.
Hmm, my understanding was that there was a limit on how much you could transfer into China each year unless you could prove it was to buy a house or invest in a business. Can't remember the exact figure but I was told that by the HSBC bank in Guangzhou when I opened an account with them.
Just done a quick search and the figure I keep seeing is a maximum currency conversion of US$50k per year unless you can prove it is for what I mentioned above.
louischuahm:
Hotwater@ I don't use a bank to transfer. I use a remittance agency. They take any amount but they do it in multiples of X dollars into the same account in China. With those receipts I can still use them to satisfy the minimum investment required to register a company here. Did that last year.
Robk:
Nope, I pulled in more than that last year and they didn't care.
All USD converted into RMB but that was all through major Chinese banks.
louischuahm:
Robk@ Banks give you lousy exchange rates. If the amount is small it's okay but the difference is a quite a bit if the amount is fairly large.
I think the problems might be at the senders side. Money laundering and all that.
It might also be awkward if the student broker is on a student visa.
I had similar issues after the CEO of the 
Nigerian bank sent me an email saying I had inherited $20m (TWENTY MILLION $ ). He sent it to me by Western Union.
Whatever you do, beware of scams. Especially 419s.
