Money Transfer to China

Margin Rate: 0.8%
Minimum Transfer: £2000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Margin Rate: 5%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Margin Rate: 1%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Margin Rate: 0.7%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Margin Rate: 1%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated

About China
Capital city: Beijing
Currency: Yuan Renminbi (CNY)
Local time: GMT + 8
Telephone code: 86

Currency rules

The Currency

Yuan Renminbi - (CNY)

Yuan in Chinese literally means "Round coin" so it's pretty easy to see where it got its name from. Banknotes were not issued until 1890, when they were released in the following denominations;

1, 2 and 5 jiǎo and 1, 2, 5, 10, 50, 100 Yuan.

Currency Export regulations:

Up to max. CNY 20,000.- in cash.

Foreign currencies: up to max. USD 5,000. Any higher amount should be declared at departure.

urrency Import regulations:

Up to max. CNY 20,000.- in cash.

Foreign currencies: Passengers carrying USD 5,000. or higher amounts , must declare it upon arrival.

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