Regency FX is the cheapest way to send money to China, giving your recipient 52,202.31 CNY from RM31,525.
If you need money fast, we suggest using Regency FX, your CNY transfer will arrive in minutes - 24 hours.
| 2 of 2 providers Last updated on 4 September 2026 This page updates weekly. We collect, store, and analyze MYR/CNY exchange rates from our comparisons. | |||
| Based on 31,525 MYR transfer Best companies for MYR/CNY transfersAll money transfer offers for MYR/CNY transfers, sorted by most CNY received. The first two offers may be sponsored promotions. Some offers here pay us a commission. | |||
| Promoted  Xe Pay via Bank transfer | Fee RM 0.00 1 MYR = 1.6490 CNY +0.69% vs mid-market | Recipient gets ¥51,984.72 Minutes - 24 hours | |
Ways to receive money in China with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 1.6490 CNY ¥51,984.72You payRM 31,525.00 | |||
| Promoted  Regency FX Pay via Bank transfer | Fee RM 0.00 1 MYR = 1.6559 CNY +0.27% vs mid-market | Recipient gets ¥52,202.31 Minutes - 24 hours | |
Ways to receive money in China with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 1.6559 CNY ¥52,202.31You payRM 31,525.00 | |||
Run a live search Showing top Malaysia to China deals for 31,525 MYR. Do a live search with your exact amount for today's best rates. | |||
Run a live search Showing companies that send from a business account. Run a business search to get live MYR to CNY rates. | |||
Run a live search These companies offer multi-currency accounts for spending CNY. We suggest doing a live search based on how much MYR you're planning to spend in China. | |||
Run a live search These are managed services with real human support for large MYR transfers. Click the link and update the transfer amount to get the best deal. | |||
| Exclusive: First Transfer Deal Regency FX Pay via Bank transfer | Fee RM 0.00 1 MYR = 1.6559 CNY +0.27% vs mid-market | Recipient gets ¥52,202.31 Minutes - 24 hours | |
Ways to receive money in China with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 1.6559 CNY ¥52,202.31You payRM 31,525.00 | |||
| Xe Pay via Bank transfer | Fee RM 0.00 1 MYR = 1.6490 CNY +0.69% vs mid-market | Recipient gets ¥51,984.72 Minutes - 24 hours | |
Ways to receive money in China with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 1.6490 CNY ¥51,984.72You payRM 31,525.00 | |||
| How Our Results Work Mid-market rate: 1 MYR = 1.660385 CNY Updates every 60 minutes. | |||
Transfer details
I suggest starting with Regency FX which is the cheapest option for sending RM31,525.
There are a few ways to fund your transfer, including bank transfer.
DuitNow and FPX are most common, both free and instant from your banking app.
This is for funding your money transfer account, not direct transfers to China.
First time round you'll need your IC, or a passport and permit if you're a foreign worker.
Run a new recipient's account through Semak Mule before you send to confirm their details.
There are 3 ways across 2 money transfer services send money from Malaysia to China.
Regular transfers from Malaysia
Online services and apps work well for smaller transfers sent home every month.
Xe charges MYR 0 and 0.69% markup to send MYR 31,525 and your recipient gets 元51,984.72 in minutes - 24 hours.
SST may appear separately on the fee.
Large transfers from Malaysia
Brokers are best for large MYR transfers to China.
Regency FX is a good option, they charge no fees and add 0.4% markup on the MYR/CNY exchange rate.
You get an account manager to handle your transfer, and it’s useful for things like home purchases in China, tuition fees, or moving savings from Malaysia to China.
With Regency FX, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending MYR 31,525 gives your recipient 52,202.31 CNY.
You can fund your transfer in MYR through bank transfer.
The processing fee may include SST, so double check the final CNY amount first.
The recipient can receive CNY through bank deposit.
They can receive money directly to the bank or card
For a card and bank deposit, you will need the recipient's account name, account number and bank details in China.
Double check the info, since its very hard to stop or reverse once it leaves your account.
You pay RM31,525.00
元52,202
Cheapest
Here are a few things to know about money transfers from Malaysia to China.
For a RM 31,525 transfer, these are the best options:
Cheapest - Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 52,202.31 CNY, which is 0.42% more than the next best option.
Fastest - Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 52,202.31 CNY in minutes - 24 hours.
Malaysia's Foreign Exchange Policy does not impose the overseas-investment limit on an ordinary payment for family support, education, goods or services.
Different rules can apply when a resident converts ringgit to invest in foreign-currency assets, particularly if they have domestic ringgit borrowing.
Bank Negara Malaysia keeps the current FEP rules and notices here.
A bank or licensed money services business can ask what the payment is for and where the money came from.
Keep the quote, receipt and any supporting invoice or employment record to hand over if needed.
For a new bank account, check the recipient details through the Royal Malaysia Police Semak Mule service first.
Only use a bank or money transfer service regulated by Bank Negara Malaysia.
Check the company in BNM's list of licensed MSB operators before paying an unfamiliar agent.
If you realise you have sent money to a scammer, contact your bank and call the National Scam Response Centre on 997.
The exchange rate affects how many Yuan Renminbi your recipient gets for your Malaysian Ringgit.
Mid-market rate:1 MYR = 1.660712 CNY
Every company here holds a Bank Negara money services licence, and the register is public if you want to check one yourself.
We track 2 of them on MYR to China, comparing rates, fees and the ways to pay in and collect, refreshed in real time on live comparisons.
Each also goes through our review.
Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.
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