See also
- [1] ChannelA: SGD{UnionPayATM
- inheritance ex_China
- what to do with my RMB expatriated to Sgp .. see ##Chn bank accounts
I will use a simple estimate of 20% for my share of the Beijing home. Actual percentage might be slightly higher, but I have received a lot more “gift money” before Aug 2024. My 1560k ex_China project started in Aug 2024. Its aim — transfer 20% of the sale proceeds i.e. 20% of RMB 7,800k to Singapore. I will call it 1560k ex_China or simply ex_China project. Among the multiple moving parts, my Priorities are —–> 1) surveillance risk 2) speed vs cost
— Q4: risk with physical USD/SGD placed in DJDJ ?
Primary risk is misplacement; Risk of theft is close to zero.
— Question #1: risk of hitting SAFE surveillance?
— Channel-H: hsbc.cn -> hsbc.sg .. Ask a friend to withdraw USD 10k under his name. Wait a few days. Meet up somewhere safe to hand over USD. On the spot I will transfer 70k to his account (smrz). This proposal is low risk and relatively easy to sell.
— Channel520: carry USD 5k + Rmb 20k bank note through airports .. good when travelling in group.
— Channel-A ..SGD{ UnionpayATM .. to manage transaction cost,
- faster ex_China means higher DIR. 3M would generate 1% return.
- transfer more when forex is favorable
Throughput, legwork, safety … are better in ChannelA than Channel520
— Channel-M (Grandp 182 1084 MMDD): mobank to transfer USD 50k in one go.
Q: who to use ChannelM? Prefer to have Grandpa (not Grandma) use ChannelM because
- grandma can easily use ChannelH/520
- grandpa has a slightly stronger public profile in case of SAFE suspicision
I need to help them operate, perhaps when I’m in Singapore.
Q: new SIM to bring to Sg, so that I can hopefully operate from Singapore?
— Channel-M2: ask multiple friends to buy and TT 50k each, like Yinghui, HanPing… not so much to speed up, but to reduce surveillance risk. However, grandparents may still get noticed.. perhaps lower probability.
If you ever transfer for a friend, then cover your trail by
- buy then send 50k
- then deposit the equivalent RMB, perhaps into another bank’s acccount
— 2025 plan ..
- Channel 520: (20k + perhaps 6k) x 3
- ChannelA: max out my 100k over a few months; 80k from grandpa
- ChannelH: max out 50k
- ChannelM via GP’s mobank: 30k + 12k leftover from 2024