Can I transfer money to my home country? Is there a cap?
english.shanghai.gov.cn
Yes, and there is a cap.
You may transfer a maximum of $500 per day with just your passport and valid visa.
To transfer more than $500 at one time, you will need to provide the following documents and information to the Chinese bank you are transferring money from:
- Original work contract, plus one copy
- A stamped income certificate provided by the employer's HR or finance department
- A stamped Individual Income Tax statement provided by the local tax bureau
- A copy of the passport ID page and visa page
- The name and headquarters address of the foreign bank you are transferring money to
- The foreign bank's SWIFT code or bank code for foreign wire transfers and the bank's routing number
- Your personal foreign bank account number
You may transfer up to the amount of your income as long as the documents prove you earned the amount through your employment.