Salary paid in RMB, changed in USD or EUR to transfer outside China?

I'll be working in China soon, my salary will be paid in RMB by a company located in Shenzhen. I'd like to know if it's possible to change our earned RMB into USD or EUR and send the money via bank transfer from Shenzhen to Europe?|||no|||Open a Bank of China account - you will probably need assistance from an English speaking local - and put the question to them at the time. Probably not as the govt., likes to keep a tight rein on foreign currency. Your company may be able to help. Be cautious about the street traders you often find outside banks. They will always be on the winning side in any transaction. Alternatively, go across the border into HK where you should have no trouble, but shop around to get the best deal. Make sure you get a multiple entry visa for going backwards and forwards between China and HK or you will be trouble. I did my final change in Singapore.|||I'm also working in Shenzhen and paid in RMB. However, it's not too much trouble for me to change it into HK$ when I return to HK.





Anyway, I think you can still open an a RMB+Foreign Currency Account at thelike of Bank of China in Shenzhen and do the transfer, as long as you have the proper documentation allowing you to do so.





It may be easier and cheaper (in terms of spread and T/T fee.) to do so if you go to HK once a month but maybe you have to take the fee for visa and transportation into account. Also, you may need to find a bank opening in weekend if you can't do it on weekdays.





Depends on your location in Shenzhen, you may need to bear in mind that in general, banks are crowded and bank tellers "work %26amp; move" extremely slow in China... it may take you couple hours just to do a straight forward deposit or withdraw... that's why our accounting staff needs the whole morning going to the bank...





Check out the following site and see if the info helps:





http://www.bvtc.edu.cn/wsb/6.html|||You can't change RMB into USD in China.


And China confines to transfer foreign currencies too.


You bring cash to Hongkong and send it to your home country.


Using International Money Order from Post office in HK is cheap.





Open an account at BOC (Bank of China). There is HK dollor account as well.I guess you can move RMB to HK doller account and withdraw.





I hope you understand the Chinese chracters in the panel of ATM at BOC.|||Get the company to change it for you or you need to open a dual currency account.





TT money back will automatically convert RMB to the intended currency (but with the normal exchange rate plus handling fee at 17%)