Opening a bank account

  • How do I open a bank account in China?! Please help me, I will be going there soon to study for 5 months!

    14 Apr 2008, 06:30 Jay
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  • Qualified Clients
    Non-residents of the People' s Republic of China, i.e. individual and corporation (including Chinese-owned companies registered overseas, but excluding their overseas representative offices) of other countries and regions (including Hong Kong SAR, Macao SAR and Taiwan), government agencies and international organizations.

    Deposit instruction
    Currencies of Deposit: US Dollar ―HK Dollar ―Euro ―GB Pound ―Japanese Yen and other major convertible currencies

    Minimum deposit:
    ·Corporate client: USD50,000 or its equivalent in other convertible currencies
    ·Individual client: USD10,000 or its equivalent in other convertible currencies

    Account Nature:Free account opening,non-cash account, a combination of both saving and current accounts, easy access for payments, interest paid quarterly

    Type of accounts

    1、Savings account
    Interest calculated daily and paid quarterly according to prevailing deposit interest rate.

    2、Time deposit account
    We will issue to the depositor a named and non-negotiable time deposit certificate. Minimum deposit is USD50,000 or its equivalent in other convertible currencies. Principle and interest will be paid on maturity date.

    Term of time deposit can be one week, one month, three months, six months, one year or even longer. On maturity, principal plus interest will be rolled over automatically for the same term if no instruction to the contrary is received from you.

    Interest rates are to be determined according to the market, e.g. the London Inter-Bank Offered Rate (LIBOR) or Hong Kong Inter-Bank Offered Rate (HIBOR), etc.

    China Merchants Bakn 14 Apr 2008, 06:30 - Verstoß melden
  • Wow, where did you find this information?

    Jay 14 Apr 2008, 06:31 - Verstoß melden
  • Haha, I googled on part of the text and it got me here happy

    http://english.cmbchina.com/corporate+business/offshore/offshore.htm

    Eric 14 Apr 2008, 06:31 - Verstoß melden
  • Opening a bank account in China

    you bring your passport and get a china(chinese-speaking) friend if you don't speak the lingo, walk into any of the 20+ plus banks and just open the account and instantly get a UnionPay (ATM) card for between 35 to 15 CNY, which include your initial deposit !!...I've been in Guangdong for 3 yrs and I have more than 15+ accounts - some with 0 $$ and some with thousands...no problem thus far !

    Mr X 05 Sep 2008, 10:37 - Verstoß melden
  • opening a bank account

    i am a business man i want to open a saving account in china i want to know the formalities for the same

    nitin sarna 07 Sep 2008, 05:06 - Verstoß melden
  • Pros e contras

    Quero saber quais os aspectos positivos de abrir uma conta na china? Que acessos é que isso me abre e qual o retorno de algum investimento?

    Emanuel 09 Sep 2008, 10:53 - Verstoß melden
Diese Foren sind nicht mehr aktiv. Um eine neue Diskussion zu veröffentlichen, besuchen Sie bitte unser China Forum.