Thread: Chinese RMB rates..
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Old 19-07-2012, 04:14 PM
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Re: RMB Woes
Quote:
Originally Posted by TonyCheong View Post
No restriction and no working permit required to open bank account in China.



This is strange as I think there's no limit on how much you can bring into China.
However you can only bring ¥20,000 or US$5000 out of China.
Any amount more than that must declare.



Some banks in Thailand also require you to have a work permit before they allow you to open a bank account.
However Thailand bank policies differ from branch to branch.
Some allow you to open bank account without work permit.
No. It works for both way. Inwards or outward bound of china the limit is 20,000rmb or foreign currencies with a conversion rate not exceeding US $5000. Anything more will need to declare.