Expat Finance Services in China
The currency in China since 1948 has been the renminbi, or yuan. It currently comes in 1, 2, 5, 10, 20, 50, and 100 yuan notes. The renminbi was pegged to the US dollar until 2005, and is now worth under 20 US cents. Tight controls are maintained on currency exchange, so it is vitally important to get a receipt when converting money to renminbi.
The cost of city living China is way higher than it used to be, requiring at least 400 to 1000 US dollars a month and it is no longer as much a good deal for foreigners looking to live cheaply as it once was. Living in the country is far cheaper. China has traditionally been an economy based on cash, and is even now, although bank accounts, credit cards and the like are gaining in popularity.
Most banks in China are local, but a few foreign banks like Citibank have recently opened branches. Chinese banks will usually provide a debit card upon opening a new account. Accounts can be opened simply with a valid passport and proof of address. ATMs can be found in many cities and foreign debit cards will work, but the daily withdrawal limit is about US $500.
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Currency Exchange in China
Making a huge payment or transferring money offshore from China entails an exchange of currencies. Get to the best deals by comparing forex companies and their rates today.
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Current Account in China
As an expat in China, you need a banking solution that meets your daily requirements, like bills payments and global money transfers. Find the current account that works for you now!
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Offshore Savings in China
There's a good variety of savings accounts in China, but you need something customized to your global requirements as an expat. Compare offshore savings accounts today!
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Expat Mortgages in China
Giving out quotes free of charge is standard practice for offshore mortgage companies in China. Compare overseas mortgage professionals and inquire today! No obligations!
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Financial Advice in China
As an expat in China, it's not guaranteed that your investment objectives will be achieved. In any case, a risk profile assessment by a financial consultant always improves the odds.
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Expat Savings in China
China, the world’s second-largest economy, has a growing expat community. For information on available financial solutions in the country, speak with a financial adviser. Nearly all international banks, insurers and asset managers operate in China.
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QROPS in China
Many UK expats in China control their retirement funds via Qualifying Recognised Overseas Pension Schemes. QROPS are invested in stocks, bonds, insurance plans and trusts. Call an expert for a no-obligation assessment.
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Online Broker in China
Expats living in China may compare rates and deals offered by top-notch online brokers. Check out our comparative list and speak with an expert on bond, currency and stock trading. Get the most of your investments!
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US Expat Tax in China
Whether residing in China or elsewhere in the world, Americans must file US tax returns each year. There are highly-competent experts willing to assist on tax returns, filings, tax planning and others.
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Tax Advisory in China
China imposes an employment tax on all resident and non-resident earners in the county. To avail of tax credits or exemptions, speak with a tax specialist today. These experts may also assist on tax returns and tax planning.
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