One of the best [1] channels of ex_China is ChannelX — I transfer Rmb from my China bank to a friend’s China bank

[1] best in terms of SAFE sensitivity, physical safety, SAFE quota.

In general I always want to buy SGD (lower); my friend always wants to sell SGD (higher). When we settle at a mid-market rate, I get a better (lower) price than UnionPay and my friend gets a better (higher) price than BOC or any remittance.

— the mid-market rate, treating SGD as asset:

• banks sell-high .. Every day, Unionpay publishes a (higher) sell-SGD price
• banks buy-low … Every day, BOC published a (lower) buy-SGD price for SGD remittance to China
• .. PandaRemittance competes wth BOC, like a low-cost bank, offering competitive (higher) buy-SGD price