Woalet

China

Chinese Yuan (CNY)

Regulatory Information

People's Bank of China (PBOC)

Payment Methods

  • +ICBC Transfer
  • +CCB Transfer
  • +ABC Transfer
  • +WeChat Pay
  • +Alipay
  • +Union Pay

Key Corridors

US → China

Very high volume, $500k-5M

Hong Kong → China

High volume, $100k-2M

Singapore → China

High volume, $200k+

Taiwan → China

Medium volume

Frequently Asked Questions

What are PBOC limits for international transfers?

Individual limit is $50,000 USD per year. We help businesses work within these limits.

How quickly do transfers arrive?

Bank transfers 2-4 hours. Digital wallet transfers can be instant depending on platform.

Do you handle documentation requirements?

Yes, we manage all required documentation for PBOC compliance automatically.

Can we pay Chinese suppliers directly?

Yes. CNY settles direct to the supplier corporate account, with SAFE trade documentation handled during onboarding.

Are there any restrictions?

Standard PBOC restrictions apply. We ensure all transfers comply with regulations.