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Best way to get money out of China

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Old Oct 29, 2023, 1:21 am
  #16  
 
Join Date: Apr 2009
Location: HKG
Posts: 1,315
Originally Posted by jamar
This does depend on the bank's understanding of the exemption. Interestingly, I've had a harder time getting foreign banks to do this; UOB and Standard Chartered would often refuse me even the 500 (Chinese New Year money received back when I was a student = no tax paid and nothing to show at the bank) but ICBC and BOC were fine doing it.
Yes it's understandable for smaller banks to be more cautious with these low-value transactions as it's just not worth their while to (potentially) break the law for something petty like this. But I've never had any trouble with BOC.
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Old Oct 31, 2023, 9:08 pm
  #17  
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Join Date: Jun 2009
Posts: 351
One of the transfers involves about 200000 yuan, which is currently in Shanghai. Idea is to convert it into dollars and wire to the US. Do you have any tips or suggestions regarding this.
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Old Nov 5, 2023, 5:46 am
  #18  
 
Join Date: Jul 2005
Location: PEK
Programs: A3*G, UA Gold EY Silver
Posts: 8,958
Originally Posted by DaileyB
One of the transfers involves about 200000 yuan, which is currently in Shanghai. Idea is to convert it into dollars and wire to the US. Do you have any tips or suggestions regarding this.
There should be no issues re: this... 200k CNY is around <28k USD. Not sure if the daily limit is an issue though...
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Old Nov 9, 2023, 11:01 pm
  #19  
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Join Date: Jun 2009
Posts: 351
Thanks for the help.
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