How much rmb can i take into china

RMB is issued both in notes and coins. The denominations of paper notes include , 50, 20, 10, 5, 2 and 1 yuan; 5, 2 and 1 jiao; and 5, 2 and 1 fen. The denominations of coins are 1 yuan; 5, 2 and 1 jiao; and 5, 2 and 1 fen.

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Customs officer takes one and gives one back to you. Formatting can differ depending on a region in China, but the information inside is the same everywhere.

Some ground customs rules and regulation of China are written on the other side of the declaration. By declaring money you simply inform customs agents about possessing the particular sum of money. Undeclared money can lead to paying a big fine to Chinese customs or worse —— confiscating all of the money.

Article 6. The Use of Deposits: 1 Funds in a deposit may be remitted to place within or outside China. In principle, transfers abroad should be made in the same kind of currency as that deposited. If transfers are made in any other foreign currency, they shall be dealt with as where foreign exchange is bought and sold by the bank.

The use of a deposit by state organs, organizations, schools state-owned enterprises and establishments, collective urban and rural economic bodies and enterprises operating with joint Chinese and foreign capital in China shall be in conformity with the foreign exchange control regulations of the country.

Article 7. On maturity, a fixed deposit may be withdrawn against the deposit certificate and the specimen signature previously left with the bank or according to a pre-arranged procedure.

A current deposit may be withdrawn against the deposit book and a withdrawal slip or according to a pre-arranged procedure. Article 8. A fixed deposit may be renewed on maturity by presenting the deposit certificate and furnishing the specimen signature to the bank or according to the pre-arranged procedure. In case a fixed deposit is not withdrawn or renewed on maturity, interest for the period after maturity shall be calculated at the rate for current deposits ruling on the date of maturity.

Where a fixed deposit is withdrawn before maturity because of special need, the interest paid shall be that for current deposits ruling on the date of withdrawal. Article 9. In case of loss of the deposit certificate, deposit book, cheques or signature stamp seal , the depositor shall immediately file a written request for stop-payment with the bank against a certificate issued by the depositor's unit or other documents originally agreed upon. Upon the bank's approval, a new deposit document may be issued to the depositor or a new specimen signature allowed to replace the old one.

If a deposit has been withdrawn by other persons prior to receipt by the bank of the request for stop-payment, the bank shall not bear any responsibility. Article On closing an account, the depositor shall return to the bank the deposit book, certificate or unused cheques together with other related documents, if any. The bank has the responsibility for the confidentiality of the deposit of the depositor.

These regulations are promulgated and put into force by the Head Office of the Bank of China. An account for deposits may be opened in their own names by foreign nationals, foreign nationals of Chinese descent, overseas Chinese and Hongkong and Macao compatriots resident abroad or in the Hongkong and Macao regions, persons making short visit in China, foreign personnel of foreign diplomatic and consular missions and of foreign representations stationed in China, foreign technicians, correspondents, scholars, experts, seamen, students and trainees resident in the country, and Chinese nationals who are allowed by state regulations to retain foreign exchange for themselves.

Foreign exchange of the following kinds may be deposited in the aforesaid account: 1 Foreign exchange in convertible currency remitted or brought into China from abroad or from the Hongkong and Macao regions; 2 Where the foreign exchange brought in is in foreign bank-notes, the bank-notes shall have to be first sold to the bank at its ruling buying rate and the proceeds converted into foreign currency at its ruling selling rate before the account can be credited.

Where a foreign currency bill is not payable immediately, the amount can be credited to the account only after collection by the bank; 3 Overseas Chinese remittances for buying houses; 4 Other kinds of foreign exchange which the Bank of China has agreed to accept for deposit.

Money can be freely credited to or withdrawn from them. Interest shall be paid at the rate published by the Head Office of the Bank of China. The principal and interest may be remitted abroad on maturity.