According to Shijiazhuang Customs reports, two Chinese tourists have been seized for 995.6 thousand RMB cash without a declaration.
Apparently, this huge amount of non-declared cash is not allowed, but what are the exact restrictions on how much money one can bring to or out of China?
RMB
Remember, the exceeding part of the limit of RMB allowed is prohibited.
Foreign Currencies
If the amount of money up to US$10,000, you will need the Permit for Taking Currency out of Customs Territory with the seal of specific banks.
If the amount exceeds US$10,000, the permit with the seal of the Foreign Exchange Office is required.
There are no quantitative restrictions imposed on the foreign currencies, however, inward passengers shall accurately declare to the Customs if the amount worth more than US$5,000.
How About Valuables?
Passengers carrying gold, silver and other precious metals shall be processed by Customs. If you bring the products less than 50g (2 ounces) to China, you don’t have to declare.
Two declaration forms need to be filled out, if you carry cameras, laptop computers or other trip necessities valued each at over RMB5,000, intending to bring back at the end of the trip. Used ones ratified by customs are duty-free.
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Source | CHINA CUSTOMS
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