Foreign exchange control, only for dollars, right?

As we all know, the People's Bank of China has a limit of 50 USD a year for individual foreign exchange settlement, so if the foreign exchange you earn exceeds this limit, how can you break through this limit and transfer it to China? Method one. Settlement of foreign exchange with the bank accounts of immediate family members. As we all know, foreign exchange restrictions only limit the amount of foreign exchange settlement, but not the amount of foreign exchange collection. In other words, no matter how much dollars/foreign exchange you receive, the central bank doesn't care, just how much foreign exchange/dollars you exchange for RMB. For example, if your annual income is $200,000, you can settle 50,000 in your own name, transfer the remaining 1.5 million to the bank cards opened by the ID cards of three immediate family members, and then settle 50,000 dollars each (the procedure will be a little troublesome). The advantage of this method is that cash can be transferred directly without being converted into cash (cash is cheap) and there is no loss. Method 2: Use Hong Kong China Merchants Bank Card 1: Call 95555 to find out which outlets in your city can apply for China Merchants Bank Card;

Open a gold card of China Merchants Bank at 2: 50,000, and then open a card of China Merchants Bank in Hong Kong (you can go directly to Hong Kong if it is convenient);

3: Wait about 15-20 days to get the China Merchants Bank card with the UnionPay logo remitted by China Merchants Bank Hong Kong Branch;

4: PayPal will remit it to your Hong Kong card for free (you have received Hong Kong dollars in your card);

5. Withdraw RMB from any cash machine of UnionPay in China (daily limit is 20,000). The money withdrawn in this way will not be included in your annual settlement limit of 5W. Of course, you can use this card to buy things directly, which is also very convenient. Third, if you have more than HK$ 6,543,800+0,000, you can directly open a RMB account with Hongkong and Shanghai Banking Corporation, and then directly transfer money from the RMB account in Hong Kong to the domestic account. This operation is not limited by the foreign exchange settlement limit. Method 4: It's also a good idea to withdraw dollars directly. After taking it out, you can go to the black market and exchange it for RMB. Of course, there will also be some handling fees and exchange rate losses. (Black market is not recommended, and the operation risk is at your own risk) Method 5. There are scalpers in front of major banks, and they will help you break through any restrictions. Hehe, of course, we don't advocate it, and the operation is at your own risk. Sixth, if the funds are too large, we can consider setting up offshore companies to avoid foreign exchange restrictions. In fact, as we all know, including the central bank, according to the current foreign exchange management system, you have countless ways to transfer funds in and out at will, and foreign exchange control will be liberalized sooner or later. 5W foreign exchange settlement limit is actually meaningless. There are many ways to start an offshore company when you make money. Money is not placed in banks with state-owned background in order to protect their financial situation and privacy to the maximum extent. The most essential problem is that the financial situation of all of us is completely transparent to the government. They know how many assets we have. Nobody cares when you don't have much money. More than how much money is received from various consultations such as selling real estate/immigration services/children's education abroad. Of course, the last phone call you want to receive is naturally a phone call to check the source of tax funds, hehe. I think it is safer to put money in overseas banks (including non-state-owned banks in Hong Kong) if it is not necessary, and there are more reasonable investment projects to choose from. I recommend Standard Chartered or HSBC. I know they can support all kinds of transfers (PP free telegraphic transfer/international ACH transfer). I don't recommend Citigroup, but I'm surprised that their bank card is 16 (if I remember correctly), and I'm not sure if I can receive ACH transfer. A standard ACH transfer to a Hong Kong bank account only requires SWIFT and a bank card with less than 12 digits. It should be easy to get a card, but you need to go to the counter in Hong Kong. Take care of your water and electricity bills within three months and apply for Hong Kong and Macao Pass with your ID card. You can apply directly. It may take the next day to open online banking, and it will be enough for you to apply for an N card within seven days. Please note that the reason for opening an account must be financial management, and don't mention any purpose of transferring money to China (of course, this function is definitely available. It seems that each transaction within 500,000 yuan of Standard Chartered only needs HK$ 65,438+020). Note: I don't want to mislead you. I haven't had time to do it in person (I won't bother to do it after the year), but I got it when I was tired of the customer service of major banks in Hong Kong. There should be no problem. Why don't I tell you more about it after I finish writing it?