Hello, what is the foreign exchange settlement quota for foreigners in China? thank you

Hello! It is equivalent to $50,000 per person per year (inclusive).

Provisions on handling foreign exchange settlement by overseas individuals exceeding the annual total:

Our bank can handle it with the valid identity certificate of the customer and the following supporting materials;

(1) Settlement of rent: the housing lease contract, invoice or payment notice of the housing management department.

(2) Settlement of living expenses: contract or invoice.

(3) Settlement of foreign exchange for medical and study expenses: proof that domestic hospitals or schools charge fees.

(4) Others: relevant certificates and payment vouchers.

If the above-mentioned single settlement amount is more than USD 50,000, the RMB funds obtained from settlement will be directly transferred to the domestic RMB account of the counterparty.