1. Only RMB can be used in China, which is considered as foreign exchange settlement. Limit: equivalent to $65,438+0,000 per day, equivalent to the cumulative limit of $50,000 per month.

2. Online settlement of foreign exchange into RMB, as above; Unlimited to other currencies.

3. Not limited to foreigners. Banks in China can withdraw foreign currency cash without restriction, and remit 65,438 USD+0,000 USD/day, with no cumulative monthly limit.

4. Not limited to foreigners. Remittances from China can be remitted with the equivalent of 1000 USD every day, and banknotes can be remitted with the equivalent of 2000 USD.

You don't need to settle foreign exchange immediately, you can open an account or withdraw money, but you need to declare it to the bank.

6. For example, if you purchase foreign exchange for tourism, you can purchase foreign exchange of $5,000 within six months and $8,000 for more than six months. However, according to the new regulations, residents can purchase foreign exchange with their ID cards at a cost of $20,000/year. There are no restrictions on going abroad. But in order to facilitate the verification, it is best to keep the relevant customs clearance documents.

Legal provisions: State Administration of Foreign Exchange.

www.safe.gov.cn