Yes. Each Alipay account is subject to limits on the amount of foreign exchange transfers it can receive. These limits are set and enforced by Alipay:
• 50,000 CNY per transaction
• 500,000 CNY per year
• 5 transactions per month
If you are not sure if your Alipay transfer will exceed the recipient’s limits, please ask the recipient to inquire with Alipay.