Regarding the regulations on carrying cash into Hong Kong

1. Hong Kong's Cash Declaration Policy

According to the Hong Kong Customs regulations, if you carry cash (including Hong Kong dollars, Renminbi, foreign currencies) and bearer negotiable instruments (such as checks, bonds, drafts, etc.) exceeding a total value of 120,000 Hong Kong dollars (or equivalent foreign currency) when entering or leaving Hong Kong, you must file a written declaration with the customs. This regulation applies to all travelers (including adults, children, and infants).

• Declaration Method: Upon arriving in Hong Kong, fill out the "Physical Currency and Bearer Negotiable Instruments Declaration Form" (RMB Annex C form) at the customs counter, truthfully declaring the amount and source.
• Consequences of Non-declaration: You may face a maximum fine of 500,000 Hong Kong dollars and imprisonment for up to 2 years.

2. Explanation of Cash Carrying Limits

• Below 120,000 Hong Kong dollars equivalent: No declaration required, can be carried freely.
• Above 120,000 Hong Kong dollars equivalent: Must declare, but there is no upper limit (legal source of funds must be proven).

Conversion Example: - 120,000 Hong Kong dollars ≈ 15,400 US dollars (exchange rate 1 USD ≈ 7.8 HKD) - 120,000 Hong Kong dollars ≈ 14,000 euros (exchange rate 1 EUR ≈ 8.6 HKD)

3. Precautions for Entering Mainland China from Hong Kong

If you plan to travel from Hong Kong to mainland China, please also adhere to the following regulations: - Customs Regulations in Mainland China: When entering mainland China, if you carry foreign currency exceeding 5,000 US dollars equivalent (or more than 20,000 RMB), you need to declare it to customs and fill out the "Passenger Baggage Items Declaration Form". - Consequences of Non-declaration: The excess amount may be temporarily confiscated or penalized.

4. Practical Suggestions

• Safety and Convenience:
• It is recommended to prioritize the use of international credit cards (Visa/Mastercard) or electronic payments (most merchants in Hong Kong support Alipay/WeChat Pay).
• If large amounts of cash are needed, you can exchange them at banks or currency exchange shops in Hong Kong (such as "Century Exchange Shop") as needed, where the exchange rate is usually better than at the airport.
• Declaration Process:
• Download and fill out the declaration form in advance (available on the Hong Kong Customs website), or obtain it directly upon entry.
• Keep proof of the legal source of your funds (such as bank withdrawal records, income certificates, etc.) for inspection.

5. Cash Services at Hong Kong International Airport

• Currency Exchange Counters: Operate 24 hours a day, supporting exchanges for major foreign currencies.
• ATM Withdrawals: Support UnionPay, Visa, Mastercard and other international card types, with single transaction limits ranging from approximately 8,000 to 20,000 Hong Kong dollars (specific limits depend on the issuing bank).

6. Common Questions

Q: Do I need to declare traveler's checks?
A: Traveler's checks fall under "bearer negotiable instruments", so if the total value exceeds the equivalent of 120,000 Hong Kong dollars, a declaration is required.

Q: Does the limit apply per group if traveling together?
A: No. Each traveler's carrying limit is calculated independently and cannot be combined.