We still can't avoid using cash in our lives,
especially when we travel abroad.
So what do we need to pay attention to
if we are taking large amounts of
cash enter or exit China?
Let's find out!
Enter
When entering China, you can bring no more than 20,000 yuan in cash or no more than $5,000 in foreign currency.
👉If you bring more than $5,000, you have to declare it in writing to the customs.
Exit
The outbound amount is the same as the inbound amount. However, if beyond a certain amount, the procedures required to apply for extra cash will be different.
👉If the cash amount is more than $5,000, but less than $10,000, you must obtain a "Permit for Taking Foreign Currency Out of the Customs Territory" from the bank.
👉If the cash amount is more than $10,000, then you must apply for a "Permit for Taking Foreign Currency Out of the Customs Territory" from the Foreign Exchange Bureau in advance.
Online payment in China has been popularized throughout the country, for more details on how to open online payment, please click the link below!
👇👇👇
Foreigner can use international bank cards in Alipay/Wechat Pay!
HACOS always strive to provide our clients with more high-quality, efficient and considerate services, covering China visas, tax-planning, incorporation, financial consulting, global shipping, intellectual property, foreign trade services, legal consultation, etc.
