stoney Posted July 8, 2007 at 01:21 PM Report Share Posted July 8, 2007 at 01:21 PM Is there a limit as to how much US cash they will let me leave China with? Quote Link to comment Share on other sites More sharing options...
billiardsmike Posted July 8, 2007 at 10:31 PM Report Share Posted July 8, 2007 at 10:31 PM Other people have occasionally posted that you can take out as much as you've brought in (including transfers), as long as you can show show proof. At least one official politely implied that I was an idiot for thinking so. The limit is 20,000 yuan. As a pleasant surprise, since I was already at the airport, he let me go with 35,000 and said not to do it again. This was only because I was ridiculously honest and declared that I had the money. Had I not, no one would have checked me. I could have had 1,000,000, if I could carry that much. Quote Link to comment Share on other sites More sharing options...
stoney Posted July 8, 2007 at 11:18 PM Author Report Share Posted July 8, 2007 at 11:18 PM Then how do people who come to China to work, get thier savings out of the country? 20,000 yuan is less than $3000US; I've got over $5000US? Quote Link to comment Share on other sites More sharing options...
muyongshi Posted July 8, 2007 at 11:22 PM Report Share Posted July 8, 2007 at 11:22 PM Through very expensive wire transfers. Sucks huh? Quote Link to comment Share on other sites More sharing options...
WangYuHong Posted July 9, 2007 at 08:26 PM Report Share Posted July 9, 2007 at 08:26 PM I didn't think there were any issues with taking foreign money out. (Which is different than having RMB that you want to convert and take out of the country) My wife had a bank account with HSBC in Beijing, denominated in US Dollars. We initiated a wire transfer for $10,000 from that account to an account I have in the US, and it went through without any problems. The fee was only $10 or $20 too (which they double-charged us on, grrrrr), but for that large a transfer I consider that to be quite a deal. Quote Link to comment Share on other sites More sharing options...
cdn_in_bj Posted July 10, 2007 at 03:43 AM Report Share Posted July 10, 2007 at 03:43 AM Yes, if you leave China with cash, you have to declare it on the customs form if it exceeds a certain amount. It looks like you can take out $5k US, above which you will need to get a permit (see the link below). http://www.pbc.gov.cn/rhwg/19970103f.htm Also, when entering the US although there is no limit on how much money you can bring in, you do have to declare cash or other monetary instruments (including traveller's cheques, etc.) if the total amount exceeds $10k US. This is done for anti-laundering/terrorism reasons. It is interesting to note that although the government here is very strict about how much money leaves the country, they are quite liberal when it comes to the flow of money within the country. I've seen someone withdraw 400k RMB at the counter, the money was in four 100k RMB stacks and each stack had to be passed one-by-one through the compartment below the teller window. Very niu bi. Also the ability to transfer 6 figure amounts to someone else's account and have it process immediately (as long as both accounts are with the same bank). It's a lot easier to do here than back home. And lastly the ATMs which let you withdraw up to 20k. Quote Link to comment Share on other sites More sharing options...
gato Posted July 10, 2007 at 04:46 AM Report Share Posted July 10, 2007 at 04:46 AM See this from Bank of China website: http://www.bank-of-china.com/en/common/third.jsp?category=1099300769100 Issuance of Foreign Currency Taking Certificate (外币携带证) • In accordance with relevant provisions of the foreign exchange administration, a domestic resident to take USD 2,000 to 4,000 (or other foreign exchange equivalent) out of the territory, or a non-resident to take USD 5,000 to 10,000 (or other foreign exchange equivalent) out of the territory may ask for the issuance of a Foreign Currency Taking Certificate from the bank. Quote Link to comment Share on other sites More sharing options...
calif2nanning Posted July 13, 2007 at 09:30 PM Report Share Posted July 13, 2007 at 09:30 PM $5,000 is the limit. You can western union any amount to yourself for $27 or less from almost any China Post Office and many Agriculture Banks. Hope this helps Quote Link to comment Share on other sites More sharing options...
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