Tag: restrictions

China Restricts Foreign Exchange Capital Outflows

China’s increasingly strict foreign exchange controls is hurting not only Chinese individuals and companies, but also impacts international firms repatriating profits from China. This will make foreign firms think twice about Chinese investments.

Foreign Exchange Controls
Chinese nationals have a limits of $50k US/yr for foreign exchange. This has been the case for many years, though I cannot determine when it started. Before you could send more money overseas by declaring it, but as of 2017 January these rules have been tightened up and now exclude purchases of real estate or overseas securities.