Originally Posted by
tauphi
Again the limit is not on the transfer. If you already have the USD sitting in your bank account you can transfer as much as you wish.
The limit is on converting CNY into USD (or another currency).
As for the annual limit on conversions, foreign nationals are entitled to exchange up to USD500 per day with no proof, up to USD50k per annum. I actually did that during my first stint in China before I had tax receipts and ran into the annual limit.
You're right. I should have said convert not transfer. I actually did another conversion/transfer at the bank today, getting the horrible 7.33 exchange rate
. It's at least an hour wasted every time. I wish they would make this process easier somehow but I don't think that will happen anytime soon.