Originally Posted by
jiejie
Actually, I wasn't referring to the business capital account, but to a business current/operating account...which still involves issues when it comes to (re) conversion. Nobody should be injecting money into a capital account unless they intend to make a true business investment, and that should be accompanied by a suitably long term horizon. Definitely not a vehicle for RMB currency speculation.
What a nice obscure topic for a bit of Wednesday afternoon posting
Regardless of whether you transfer the money to a capital account or operating account, SAFE will determine whether this will be recognised as capital or not. The specific is that if your authorised capital is not fully paid up (as is often the case) and you transfer cash into the operating account, SAFE will classify it as capital and prevent its repatriation (unless you reduce the authorised capital in the business)
I'd just carry it across the border to HK in a plastic bag like everyone else does
nickyboy