Reply To: Transferring Money from USD to CNY

HomeForumsGeneral DiscussionTransferring Money from USD to CNYReply To: Transferring Money from USD to CNY

#41815
Avatar photoMr. Klink
Participant

Since you don’t have an open bank account (unless you want to transfer it to mine.) in China, you should open a bank account with branches in both Chengdu and where you’re at – a multicurrency account. You can transfer between the USD<>RMB from over here, and access as you wish.

Tried this recently.  Doesn’t work out like that.  They’ve recently made changes to the requirements for opening a multi-currency account including your state tax certification (not provincial) and documentation as well as your proof of employment.  Even then they funnel these transfers through BoC.  Or so I was told by the stunning ladies at two separate branches of the bank.