Depending on whether you are sending money to an individual person or a business in China, there are differing restrictions and permissions that need to be adhered to when sending money to China. Trading of the Renminbi is regulated very tightly and there can be some confusion caused with various money transfer requirements.

It is only possible to send US dollars to China, as opposed to RNB, this being a very popular currency pair for money transfers to and from China. Over 80% of all RationalFX US dollar transactions are sent to China, and we have a dedicated Chinese support desk who are able to arrange and assist you with your money transfers and advise you on the best solution to avoid problems.

US dollars are the main currency sent to individuals in China, as there are restrictions on money transfers and currency exchanges which permit foreign exchange companies sending Renminbi to individual people. Some money transfer providers, like RationalFX are permitted to send Chinese Yuan, but only to companies who are regulated by the foreign exchange administration to receive overseas RNB payments.