Direct remittance within $65,438 +0 and $50,000: normal funds do not exceed $50,000, and can be directly wired to domestic banks.
2. Ask for help from relatives and friends: Some customers will ask for help from relatives and friends and settle foreign exchange at a limit of 50,000 US dollars per person per year. Don't use this method often.
3. Opening a Hong Kong account: Opening a Hong Kong bank account to receive transfers from overseas accounts is the safest and most difficult method to check. Open a personal bank account in Hong Kong. Hong Kong has no foreign exchange control and is free to receive international funds. Funds in American bank accounts can be directly transferred to personal accounts in Hong Kong for consumption. If you need to use this money in Chinese mainland, you can use UnionPay card ATM for self-service refund (no more than USD 20,000 per day, with a high handling fee), or you can withdraw cash directly and take it back to Chinese mainland when you have the opportunity.
4. Settlement of foreign exchange through a third party: settlement of foreign exchange through freight forwarding companies and import and export companies also requires handling fees, and the convertibility of funds will be restricted by foreign exchange companies.
5. Register an offshore company account: At present, it is a common method to register an offshore company, open a offshore account, accept large amounts of US dollars uniformly, and settle foreign exchange separately. "Offshore" means that an investor's company is registered in an offshore jurisdiction, and investors can do business all over the world without having to be local. Since offshore companies don't tax the local government, they only charge a small management fee. Offshore companies have no foreign exchange control.
6. Opening Yiwu self-employed currency settlement account: Opening Yiwu self-employed foreign currency accounts in China.