Exchanging money easier in Shanghai By XING YI in Shanghai | CHINA DAILY | Updated: 2020-12-26 07:51 Share CLOSE A bank staff member counts RMB and US dollar notes in Nantong, Jiangsu province, on Aug 28, 2019. [Photo/Sipa]
Foreigners eligible for a fast pass that simplifies conversion at banks
Shanghai became the first city in China to launch a pilot policy that simplifies currency exchange services for foreigners.
Foreigners who work in companies registered in Pudong district will no longer need to bring documents such as employment contracts, proof of income and tax completion certificates when they want to exchange their money in Chinese yuan to foreign currencies.