What restrictions apply on individuals transferring funds from property sales out of China?

Basically，there are two types of fund transfers from property sales by individuals - “emigration transferring” and “inheritance transferring.” In the first category，an emigrant sells legally owned property in China，purchases foreign exchange，and then remits the funds outwards. In the latter category，an emigrant inherits property within mainland China，buys foreign exchange，and remits the exchange abroad.

Where should applicants start the process for transferring assets overseas?

Prior to emigration the applicant needs to apply at a branch of the State Administration of Foreign Exchange (SAFE) where he or she has a registered residence prior to emigration.