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Solution to transfer Money from Europe in China Mainland / Legal business

EricVN

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Jan 26, 2018
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Hi everybody,

I have to transfer some money from France (€ account) to China Mainland (RMB)

Amount approx 20,000€ all week

it's a personal account in China.

I have try with transferwise but it's not possible (only Alipay with max.31,000CNY)

DO you have another solution except classic banking?
 
Hi everybody,

I have to transfer some money from France (€ account) to China Mainland (RMB)

Amount approx 20,000€ all week

it's a personal account in China.

I have try with transferwise but it's not possible (only Alipay with max.31,000CNY)

DO you have another solution except classic banking?

You can try akcenta.cz/.com (I take it you can proof source of funds, however now with Covid19, everybody is buying Medicak Equipment in China).
 
That's it! i buy medical device in China! but struggling with sending money in Mainland!! that's crazy

You will need two things if you wanna buy PPE in China now:
1) good contacts that do not ripp you off too much (and maybe some boots on the ground)
2) good and speedy payment system, that has CNY ready for you. (Via an IPA)

Goodluck!
 
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Reactions: clemens
Hi everybody,

I have to transfer some money from France (€ account) to China Mainland (RMB)

Amount approx 20,000€ all week

it's a personal account in China.

I have try with transferwise but it's not possible (only Alipay with max.31,000CNY)

DO you have another solution except classic banking?

Remember that the strict currency control in China, and everbody in China trying to get money out, means that you should have no problems getting a good exchange rate. Indeed, for USDT, there's a premium paid in the OTC market. If you exchange into USDT and transfer that to your contact, you don't pay much in fees and they can exchange at a premium.
 

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