11-06-2013, 08:15 AM
China has a large foreign exchange reserve. that 50,000USD limit i believe only applies to individuals who require this money for personal purpose. by enforcing this policy the country effectively prevents unexpected large outflow from its reserve, and maintains the stability of its financial system. That said, if it is for business purpose, like companies sending or receiving foreign exchange, they will need to file with or report to the authorities(State Foreigh Currency Control Bureau or something) before settling the cash. In fact, Chinese government encourages companies to "earn" more foreign exchanges. I would not worry at all if I had in this case 145 millions USD to settle in China, as long as this fund is clean.