China has set an annual limit of 100,000 yuan on overseas cash withdrawals for UnionPay cardholders. Photo: Reuters China has set an annual limit of 100,000 yuan on overseas cash withdrawals for UnionPay cardholders. Photo: Reuters
China has set an annual limit of 100,000 yuan on overseas cash withdrawals for UnionPay cardholders. Photo: Reuters

China's SAFE slaps cap on overseas UnionPay cash withdrawal

Move reflects rising concerns over capital outflows, illicit money transfers

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China has set an annual limit of 100,000 yuan on overseas cash withdrawals for UnionPay cardholders. Photo: Reuters China has set an annual limit of 100,000 yuan on overseas cash withdrawals for UnionPay cardholders. Photo: Reuters
China has set an annual limit of 100,000 yuan on overseas cash withdrawals for UnionPay cardholders. Photo: Reuters
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