Currency Exchange

You can exchange foreign currency for RMB at any bank. The rates do not vary significantly across banks, so there's no need to shop around. You will need your passport. If you need to exchange RMB for foreign currency, this is more complicated and usually means having to provide tax receipts (and sometimes employment contracts) to prove that tax has been paid on the funds prior to exchange. However, if the amount is below US$500 or equivalent in other currencies, you do not need tax receipts.