Asking on behalf of two friends in China: one (not a Chinese national) wants to loan a large amount of money to the other (who is Chinese). The problem is the foreigner's account (even though it's a Chinese bank account) is in Euros. They tried to go to the local (Chinese) bank and do a transfer, but were told that it was illegal to transfer a foreign currency to a Chinese person like that, and that they would have to first convert all the money to RMB and then could give it to him, but that gets pretty expensive with exchange rates and fees, since this is apparently a pretty large sum. So the question is: What's the best way for a foreigner to transfer his money, in euros, at his Chinese bank account to the Chinese bank account of a Chinese national? Is there any bank card or service which the Chinese national can apply for to make it easier?
posted by jef
on Mar 2, 2013 -
We are talking small beans here, but it's my beans, so please hear me out...
I'm an ESL teacher/tutor with 3 undergrad degrees, certification through Oxford and 5 years experience.
I have been offered a job in Shanghai.
posted by anonymous
on Jul 28, 2009 -
D...d...dowryfilter? Maybe? I'm getting married to a Chinese woman, very soon, and her rather wealthy parents are asking (hinting, in this face-sensitive culture, so I think that's what it is, but it could mean something else?) where my divorced, broke parents' contribution to the marriage is, or, in lieu of theirs, mine. They've tossed a $140,000 duplex our way, a prime rental property, and a ton of financial support for their daughter. I have about $400 in the bank and an okay freelance career. Barring 10 years to save up and match that...what, exactly, can I do to prevent this from getting really, really, really awkward? A long, rambling explanation follows. [more inside]
posted by saysthis
on Sep 29, 2008 -