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buyin rmb with usd [Copy link] 中文

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Post time 2010-7-1 22:34:16 |Display all floors
how can a non chinese citizen buy rmb using usd? $1 million +

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Post time 2010-7-1 23:33:49 |Display all floors
Well, unfortunately the RMB is not free tradable currency.

[ Last edited by Alex2010 at 2010-7-2 12:02 AM ]
Patria est ubicunque bene/Obsequium amicos, veritas odium parit

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Post time 2010-7-2 03:10:39 |Display all floors
impossible, unless you do some not-so-legal things.

The only way would be to open a WFOE (wholly foreign owned enterprise) in China - but still, you won't be able to invest the yuan you get then into the Chinese real estate market or so, just into your own business.

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Post time 2010-7-2 04:43:45 |Display all floors

doubt that you have any...

Originally posted by SKYPECAST at 2010-7-1 06:34
how can a non chinese citizen buy rmb using usd? $1 million +


just bring it or drag it to any bank in china just as long as you claimed they're genuine authentic USD or else youknowhat & you wont be seein the sky for as long as you live  

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Post time 2010-7-2 05:35:37 |Display all floors
Originally posted by SKYPECAST at 2010-7-1 22:34
how can a non chinese citizen buy rmb using usd? $1 million +



You need to do a deal with someone is China, that has a large stash.

Suggest you ask twotobe. he's loaded:)

Chao Ren VFP

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Post time 2010-7-2 05:45:01 |Display all floors

That's a lot

in one go for an individual and I don't like currency speculators anyway so I won't tell you. But yes, it can be done. If you are caught, you will get free board and free Chinese meals 3 times a day, but neighbours and neighbourhood are substandard, its a government time-share thing.
Let the dice fly high

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Post time 2010-7-2 08:07:08 |Display all floors

The answer

Originally posted by SKYPECAST at 2010-7-1 22:34
how can a non chinese citizen buy rmb using usd? $1 million +


If

You keep the million 6.8 million RMB in Mianland China, zero problem, no problem.

If you try to take even 10,000 RMB out, even into HKSZ, danger will robinson.

By the same token, bringing in 6.8 million RMB would also not be a problem.

Bringing in 1 million USD also not a problem.

ok




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