How to send money to China from Japan with the best JPY-CNY rate

A comparison of providers offering services between Japan and China is paramount. Based on your specific transfer amount, the best way to send money to China could change. Comparing ensures the best price for your needs.

At the moment, we found these providers to be the best for JPY/CNY

• Overall, we rated Wise as the best, but remember comparing for your specific transfer gives you a comprehensive view of all the options for transferring money from Japan to China. Transferring 1,000,000 JPY to CNY will cost you ¥13036 in fees, and you will receive 41,397.02 CNY. The delivery time can take within an hour, but it depends on the day you make the transfer.

• We compared 6 money transfer companies and Regency FX offers the cheapest transfer service between Japan and China. Regency FX fees are 0 JPY per transfer and you can expect an exchange rate between JPY-CNY that is 0.27% different to the mid-market rate.

• Fastest way to send money to China from Japan is with Wise.

For services allowing you to send Yen to China we've compared 6 providers.

This coverage of the market ensure you will get the best options for your transfer to China from Japan.

A better exchange rate means more Yen being sent to China. This exchange rate determines the price you will pay when buying Yuan Renminbi.

Currently the mid-market rate between Yen and Yuan Renminbi is 0.0419.

The cost of sending money from China to China, is made-up of a combination of fees and exchange rates:

• The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from JPY-CNY is 0.0419 CNY per Yen.

• Fees: Outside of exchange rates, you may need to pay a fee to send. Regency FX currently offers the lowest fees on transfers to China from Japan, costing 0 JPY per transfer. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.

• Amount Received: The amount received in Yuan Renminbi is the amount you started with, minus the amount you paid in the exchange and fees.

The better deal you get on exchanging Yens to CNY, paired with a low fee, means a higher total amount received in China.

If you’re sending a large amount where this rate could make a significant difference, use a forward contract. This allows you to lock in an agreed exchange rate between Japan and China.

A bank transfer through a money transfer company is the cheapest way to send money. Generally, it’s the payment method that will get you the best price on a transfer from Japan to China at this moment.

Here are all the ways to send money from Japan to China:

Bank transfers

Bank transfers are usually the best and easiest way to send money from Japan to China.

By using a money transfer company such as Regency FX for transfers from Japan to China, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates than you would get from a traditional bank.

Debit and prepaid cards

Sending money from Japan to China with a debit or a prepaid card is available through .


is a one of the cheaper options for debit card payments for transfers from Japan to China. This cost is against a total of 6 money transfer companies offering this option.

Credit cards

When it comes to international credit card transfers from Japan to China, we recommend comparing your options to get the best deal.

Be aware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. Where possible, we recommend a bank transfer or debit card payment.

and have different financial regulators and ensuring you fully understand how these work will aid in keeping your money safe.

We’ve put together a directory of worldwide financial regulators which contains details on regulation for money transfers between Japan and China.

Transfer limits to Japan and China will differ per company, this may impact the amount you can send and receive if you hit the limits.

Also, rates and fees for different JPY-CNY transfer amounts could change - that’s why it’s best to compare companies for your specific transfer amount. Then, for regular transfers to China, shopping around each time can make a huge difference if you feel you are hitting limits regularly.

For sending large or regular amounts of JPY to China we'd recommend using Wise. They offer a combination of rates and fees when sending from Japan to China that is the most competitive.

There are different ways to receive money in China.

The most popular ways are direct bank deposit into Yuan Renminbi, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers offering money transfers between Japan and China will offer every method for incoming Yuan Renminbi.

Understanding where the money will eventually go after its left Japan and entered China could impact the provider you use.

The most common (and generally easiest) way to send money from Japan to China is directly into a bank account. Wise is the best company for sending money from Japan to a bank account in China.

And if you need cash right away, check if cash pickup is an option for transfers between Japan and China.

Mobile wallets, P2P services and payment apps like PayPal, Xoom, and CashApp are popular because they offer convenience to those who already have them, but they come with more limitations and higher costs.

When sending Yuan Renminbis to China, you will need to verify your ID at the sign up stage.

The documents you need will vary by money transfer company and in some cases you might need a couple of options.

For the most part however, in Japan ID can be verified through a government issued ID such as a passport or driver's license.

In China, if the recipient needs an ID to collect money - both should be accepted. We’d recommend checking in advance before sending for any specific requirements on receiving money.

Large transactions between Japan and China, are subject to additional checks such as proof of funds. This is for anti-money laundering purposes.

Wise is one of our recommended providers for transfers to China from Japan due to the ease of sign up and ID verification.

When sending money between Japan and China there will be tax declarations to consider.

Some transfers into Yuan Renminbi may need to be reported to tax authorities in China, particularly where inheritance or property purchases are involved (or anywhere else there are additional legal requirements).

Depending on age and income in particular, tax limits and personal allowances will change in China.

When in doubt, please contact a tax professional in Japan or China to discuss the personal circumstances of the transfer. This ensures you are not missing any specific tax declarations associated with your circumstances.