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How to handle cross-border remittance of RMB from Hong Kong, Macao and Taiwan through ICBC?
Our bank can handle RMB cross-border remittance from Hong Kong, Macao and Taiwan: 1. Remittance: (1) Hong Kong and Macao: The remitter must send money through a clearing bank with a Hong Kong and Macao ID card, and the payee must be the remitter himself; (2) Taiwan Province Province: The remitter must hold a resident ID card of Taiwan Province Province and handle the remittance to and from the mainland under the current account through a clearing bank or an agent bank; (3) Limit: Each person in Hongkong and Taiwan Province Province can remit up to 80,000 RMB per day, and each person in Macau can remit up to 50,000 RMB per day. 2. Remittance: The unused RMB balance remitted by Hong Kong, Macao and Taiwan can be remitted back through the clearing bank. You can go to the designated business outlets in China with your ID card and bank deposit certificate.