mufg bank is the full name of Mitsubishi UFJ Bank (China) Co., Ltd. The company was established on June 28, 2007. The registration authority is the Shanghai Administration for Industry and Commerce. The registered address is located on the 17th, 18th, 19th and 20th floors of Qiantan Times Square, No. 399 Haiyang West Road, China (Shanghai) Pilot Free Trade Zone. Formerly known as Bank of Tokyo-Mitsubishi UFJ (China) Co., Ltd. The main business scope is to absorb public deposits, issue short, medium and long-term loans, accept and discount bills, and buy and sell government bonds, financial bonds, stocks, etc. The bank handles all foreign exchange business except RMB for customers other than Chinese citizens.

Are there any restrictions on overseas remittances?

1. The daily remittance limit for domestic individuals to overseas is US$50,000, and they need to go to the bank counter with a valid identity document.

2. Domestic individuals whose remittance limit exceeds US$50,000 overseas must submit relevant application certification materials to apply in accordance with relevant regulations.

3. Overseas recipients of remittances from domestic individuals abroad cannot be financial companies such as securities companies, investment companies, and futures trading institutions.

4. When domestic individuals remit money overseas, the relevant information such as the payee and address must be detailed and true.

5. When domestic individuals remit money overseas, the purpose of the remittance must be reasonable and accurate.