WHY ARE CHINESE MOVING TO MALAYSIA BY THE THOUSANDS?
#31
BE Enthusiast
Joined: Aug 2015
Location: Penang
Posts: 959
Re: WHY ARE CHINESE MOVING TO MALAYSIA BY THE THOUSANDS?
Under 50 you must demonstrate "liquid assets" of RM500,000 (US$ 111,000). Then you've got the FD of RM30000 (~US$66,700). Assuming they'd allow the Chinese accounts to be counted as liquid assets...then your strategy might allow the FD amount plus US $33,300 in living expenses. That's $2775/month and might be enough for a family with a school aged child to afford a reasonable lifestyle. The next year they could move up.
Over 50 you must demonstrate "liquid assets" over RM350,000 (US$77,800). So unless the Malaysians allow the term "liquid assets" to also be that trapped in China then they are still not capable of fulfilling the MM2H conditions.
Over 50 you must demonstrate "liquid assets" over RM350,000 (US$77,800). So unless the Malaysians allow the term "liquid assets" to also be that trapped in China then they are still not capable of fulfilling the MM2H conditions.
#32
Forum Regular
Joined: Dec 2016
Posts: 188
Re: WHY ARE CHINESE MOVING TO MALAYSIA BY THE THOUSANDS?
edit:well, Shanghai is a very big city. There are also other very big cities in China.
Last edited by stepen; Apr 12th 2017 at 12:21 pm.
#33
BE Enthusiast
Joined: Oct 2015
Posts: 464
Re: WHY ARE CHINESE MOVING TO MALAYSIA BY THE THOUSANDS?
In Beijing I indeed know also a China Merchants that is doing this business. In Guilin (OK, not very big, but big and important) still only one Bank of China changes CNY to USD.
I have never seen one ICBC that exchanged money, but probably there is in Beijing and Shanghai.
Anyway, if somebody can name a bank that is giving away gifts for exchange USD to CNY, please tell me. I am quite happy with the milk and olive oil I get from my bank over there when placing a new fixed deposit, but new sources always welcome
I have never seen one ICBC that exchanged money, but probably there is in Beijing and Shanghai.
Anyway, if somebody can name a bank that is giving away gifts for exchange USD to CNY, please tell me. I am quite happy with the milk and olive oil I get from my bank over there when placing a new fixed deposit, but new sources always welcome
#34
Re: WHY ARE CHINESE MOVING TO MALAYSIA BY THE THOUSANDS?
For my next few visits I made sure I have enough CNY.
#35
BE Enthusiast
Joined: Apr 2005
Posts: 706
Re: WHY ARE CHINESE MOVING TO MALAYSIA BY THE THOUSANDS?
Last I heard, it was some 472 million pounds in weight!