Is there an annual limit on how much my recipient in China can receive?

Your recipient's bank or SAFE (the State Administration of Foreign Exchange) may apply annual conversion limits on incoming foreign-currency transfers, depending on the recipient's account type and personal circumstances. We recommend your recipient check directly with their bank or with SAFE for the specific limits that apply to them.

The recipient's bank is the authoritative source on what they can ultimately receive and convert in a calendar year, so it's best for your recipient to confirm their own position directly with their bank or with SAFE.

For taxation implications on either side of the transfer, we suggest you consult your accountant or tax adviser.