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What are the foreign exchange settlement methods in China? What method is used now?
The state has set a foreign exchange settlement quota of $50,000 per person per year. If not, you can go directly to the bank counter to settle foreign exchange.

If the quota exceeds, there are the following ways;

1, ID card of immediate family member; The extra dollars can be transferred to the name of the immediate family of the account with the ID card, and the amount of the immediate family can be used; (still limited)

2. Underground money houses; It is not recommended to withdraw US dollar cash and find someone to exchange it privately! (Non-compliance)

3. Register an offshore company and use offshore account; The collection is not limited, and it can be settled separately by wire transfer to someone else's name (the cost is too high);

4. Easy settlement of foreign exchange; Third-party payment companies add foreign exchange settlement items unlimited times, free of charge, in line with the national foreign exchange policy! (recommended)