Change in Currency Laws

Posted on by Sam Hamilton

The Chinese goverment has decided to change the amount of forgin currency exchanged into RMB on a personal level from $50,000 per month to $50,000 per year!

Quite a change and this caused great questions for the business that need to be answered – general taxpayer or warehouse in Hong Kong!?!

The change to come into effect Feb 1, 2007!

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