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50k is the normal amount without any exceptions. If you are buying property, or other expense that can be proven, I believe you can get an exception to convert larger sums. My expenses can be proven. How does writing a check, using a cashiers check, compare with wire transfer? Any advantages or disadvantages?

I have heard that the maximum limit to transfer per year is $50k. So how does one transfer millions? It would take decades through normal transfer. What about writing personal checks?

I am interested in knowing how someone can transfer large amounts of money from the U.S. to China (for investment), in the millions USD, with minimal fees, best exchange rates, etc. Thanks

Thanks. I'd like to know if there are any huge differences between a debit and credit card, when it comes to buying things on the internet.

What's the best way for a foreigner to get a Union Pay card? For example, if I want to buy something online. Thanks.

thanks amaro, dnoblet,

If you are physically in China and have valid ID, anybody can open a bank account without restrictions. There is no limit to how much foreign currency you can transfer into China, but there is a $50k per year limit on: 1. Exchange of foreign currency into RMB; and 2. Exchange of RMB into foreign currency; and 3. Wiring foreign currency out of China. There are exceptions to the limits, above, most notably for investment in real estate. It seems, however, that real estate investment as a way to leverage the rise of the RMB is no longer attractive. Seems that ship has sailed. What can someone without a valid ID do?

Where can someone buy clothes like this? http://img37.imageshack.us/img37/4977/chineseclothes2.jpg {Edit} Wrapped in image tags, nice pic of the former president.

How's the exchange rates for Fidelity?

its not uncommon for the chinese embassy to require proof that the chinese has not gotten citizenship when renewing prc passport

What's the best way for a U.S. citizen to invest in RMB with USD? I have heard there are restrictions on who can open RMB accounts, also on how much you can transfer in and out. Anyone have some experience?