buying gold in china

Question

If I buy Bank of China gold bars of 200g in China using my BOC account, and I want to bring it abroad with me, all I have to do is declare it and show them the receipts of using my account to buy, that's it? Or is there more documents needed? Will there be any upward limit on how much gold I can bring? Thank you!

Rita · Answer

If carrying gold and its products more than 50g out of China, you will need a certificate by People's Bank of China to go through the customs.

Winnie · Answer

Hi thanks, but as I am buying the gold via a local chinese bank, are they going to arrange this certificate for me? The money that I use to purchase is from the interest I have been receiving from BOC on my fixed deposits.

Rita · Answer

You need to go the local government (above the county level) to state the situation and get a certificate, then take it to the local people's bank or its authorized agency which can issue the exit permit of carrying gold and silver. Then show the exit permit to the customs.

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Buying gold in China