People who left or are leaving China -- how do you get your money out?

Facing this obstacle and looking for ideas or solutions. What have you all done?

Is it still possible to leave with less than 20k RMB in cash without having to declare?









Answers



y_13:

You won't need to declare 20K rmb





howheels:

USA customs limit is $10,000 USD before it needs to be declared. Even if you exceed that you just need to fill out the FinCEN 105 form and have a good explanation of where the money came from.





ufloot:

took most in cash (10k RMB), left the rest to a trusted friend to transfer it out for me. Fucking hassle, though.

Find a trustworthy Chinese friend, if you can - they can transfer it. They got really weird about foreigners transferring money out of the country. In my case, the wife of a Canadian friend did the good deed.

bicyleday:

Hello my friend,

leaving China with the equivalent of 20k RMB would be practically impossible I'm afraid. Chinese people never carry that much cash when they travel to waiguo, this is just something unheard of. Border guards would be alarmed immediately if they found your money - and trust me, they will! We all know those Chinese customs leave no suitcase unturned, they are like bloodhounds on cocaine.





Unfortunately transferring the money to your bank account back home isn't an option either, those annoying Chinese banks always ask for documentation that you paid taxes and worked here legally - can you believe it!

You should follow the sensible advice that others have given here and either buy gold (very smart - that's how financial professionals carry their assets around with them when travelling), go visit a black market, or buy bitcoin (great time to buy).





Hope this helps. I know it's so confusing, there aren't even any websites where one could check how much cash one can take out of China, what a crazy place! (this is a joke answer if you didn't get it)

kulio_forever:

Ask a trusted Chinese friend to convert into USD or Euros. Chinese citizens are permitted to convert up to 50k USD per year, although the bank may delay or ask for some info like, what's it for and so on. But it can be done and likely won't be very hard. Just make sure its someone you trust obviously.

Don't take out large amounts of RMB unless you are going to HK to change them, otherwise you will have a hard time getting a good rate (I think Thailand may also be ok for converting but not many places are good). Plus even 20k is a little unwieldy whereas 3k USD will fit right in your wallet

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