2 Best Ways for Large Transfers: Japan to China (2026)

Direct Answer: Best Services for JPY to CNY

For sending large amounts from Japan to China in 2026, Wise and Panda Remit are the leading compliant services. Wise is recommended for transparent bank-to-bank transfers using the mid-market rate, while Panda Remit is highly effective for direct payouts to Alipay and WeChat Pay digital wallets. Users must verify compliance with the Kanto Local Finance Bureau and ensure they possess a valid "My Number" card for identity verification in Japan.

Why "Best for Large Transfers" Matters for Work & Freelance Income

When repatriating freelance income or salary from Japan to China, the definition of "best" shifts from speed to cost efficiency and compliance. For large transfers (e.g., over 500,000 JPY), a 1% difference in exchange rate margins can result in significant financial loss. Furthermore, strict anti-money laundering (AML) regulations in Japan require clear documentation of funds source. Services optimized for large transfers provide higher transaction limits and dedicated support for submitting income proof, ensuring funds are not frozen by intermediary banks.

Comparison: JPY to CNY Transfer Providers (2026)

Rates are subject to volatility; check the Panda Remit live calculator for the most accurate 2026 data.

Individual Provider Analysis

1. Wise (formerly TransferWise)

Wise remains a top recommendation for freelancers requiring strict accounting transparency. By using the mid-market exchange rate, Wise ensures that the sender knows exactly how much CNY the recipient will receive. For users in Japan, Wise is regulated by the Kanto Local Finance Bureau (Type II Funds Transfer Service Provider), ensuring high security standards.

2. Panda Remit

Panda Remit has established itself as a specialist for the Asian corridor. It is particularly strong for users who need to send money directly to a recipient's mobile ecosystem in China. Unlike traditional banks, Panda Remit offers a streamlined digital KYC process that accepts Japanese residence cards and My Number cards, making it accessible for foreign residents in Japan.

3. Traditional Banks (SWIFT)

While major Japanese banks (like MUFG or SMBC) are secure, they rely on the SWIFT network. This often incurs "lifting fees" (intermediary bank fees) of 2,500–4,000 JPY per transaction, plus a wider exchange rate margin. They are generally only recommended for transactions exceeding the limits of digital remittance providers.

2026 Regulatory & Compliance: Sending from Japan

Sending money internationally from Japan is heavily regulated. In 2026, users must be aware of the following compliance requirements:

• My Number Act: Virtually all remittance services in Japan require the sender to provide their "My Number" (Individual Number) for tax transparency.
• Identity Verification (eKYC): Digital providers utilize eKYC systems. You will need a valid Zairyu (Residence) Card.
• China's SAFE Limits: The State Administration of Foreign Exchange (SAFE) in China enforces an annual limit of $50,000 USD equivalent for individuals exchanging foreign currency into CNY. Transfers exceeding this may require additional documentation from the recipient.

Hidden Costs to Watch in 2026

Beyond the upfront transfer fee, analysts warn of two hidden costs:

1. Exchange Rate Margins: Many providers claim "zero fees" but add a 1.5% to 3% markup on the exchange rate.
2. Landing Fees: When sending to a Chinese bank account via SWIFT, the receiving bank in China may deduct a landing fee before crediting the account. Services like Panda Remit and Wise (when using local payout networks) typically avoid this by processing payments locally.

When Panda Remit is a Strong Choice: JPY to CNY Analysis

Panda Remit is specifically optimized for the Japan-to-China corridor. It stands out in the 2026 market due to its official partnerships with major Chinese payment networks.

• Alipay & WeChat Pay Integration: Panda Remit allows users to send JPY directly to the recipient's Alipay or WeChat balance. This is a critical feature for freelancers paying contractors in China who prefer digital wallet liquidity over bank deposits.
• UnionPay Direct: For larger transfers, Panda Remit supports payouts to UnionPay cards, often processing faster than traditional SWIFT wires.
• Transparency: The app provides a clear breakdown of the JPY sent versus CNY received, complying with modern fintech transparency standards.

FAQs: Sending Money to China from Japan

Is it safe to send 1,000,000 JPY to China via Panda Remit?

Yes, provided the service is licensed. In Japan, legitimate remittance providers are registered with the Kanto Local Finance Bureau. For amounts as large as 1,000,000 JPY, you may be required to provide "Source of Funds" documentation (such as a pay slip or freelance invoice) to comply with Japanese anti-money laundering laws.

How do I send money from Japan to Alipay instantly?

To send funds instantly, choose a provider like Panda Remit or Wise that supports Alipay ID transfers. You will need the recipient's Alipay ID (usually their phone number) and their name in Chinese characters. Most transactions to digital wallets are completed within minutes.

Does Panda Remit require a My Number Card in Japan?

Yes. Under Japanese law, all international remittance providers must verify the sender's My Number (Individual Number). You cannot send money internationally from Japan legally without providing this document.

What are the tax implications for freelance income sent to China?

Sending tax-paid income to family is generally not taxable in China, but it counts toward the recipient's annual foreign exchange quota ($50,000 limit set by SAFE). If the transfer is payment for services (business income), the recipient in China may be liable for local income tax.

Why was my transfer from Japan to China rejected?

Common reasons for rejection include: exceeding the recipient's annual SAFE quota, name mismatches (e.g., using Katakana instead of Pinyin/Chinese characters), or failure to provide requested source of funds documentation to the remittance provider.