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Opening Bank Account in China

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  1. #21

    Join Date
    Jul 2017
    Posts
    35

    I don't use alipay, but I assume you can ask some friends to top it up for you and you pay them cash as return?


  2. #22

    Join Date
    Jul 2017
    Posts
    35

    also I found this link https://sg.news.yahoo.com/alipay-lau...063246027.html it seems the new approach to solve the issue. I do have boc hk account, will try open a regular boc account in a branch here.


  3. #23

    Join Date
    Nov 2005
    Location
    Cramped island
    Posts
    3,875
    Quote Originally Posted by Miaofromcali
    @howill I just went to Shenzhen to try to open a bank account. Tried HSBC at Kerry Plaza but they said they only have Premier and advantage accounts for HK people without Home return permits. I didn't want to drop 100k or 500k for a alipay account so I checked the other banks around. All the other banks wanted something I didn't have.


    Standard Chartered - said i need a work visa. or some kind of resident permit
    CITIC - wanted a Shenzhen address proof
    CMB - the idiot said I can open one if I deposit 5 million ....lol

    Did you have to despite 100K just to open a Chinese bank account?
    Check with BOC.. they had an account with a daily cap of 1000 or 500 hkd, but you can open it as a foreigner... however you would need to tie up with both HK/SZ branch, and walk into their SZ branch to sign a few docu if you don't have a home return permit. Also make sure you have a China registered phone line.

    That was the last i knew.. i hope they have not pulled back the product. My Treasurer and CFO both signed up these accounts a few months back.

  4. #24

    Join Date
    Jan 2013
    Posts
    18
    Quote Originally Posted by freeier
    Check with BOC.. they had an account with a daily cap of 1000 or 500 hkd, but you can open it as a foreigner... however you would need to tie up with both HK/SZ branch, and walk into their SZ branch to sign a few docu if you don't have a home return permit. Also make sure you have a China registered phone line.

    That was the last i knew.. i hope they have not pulled back the product. My Treasurer and CFO both signed up these accounts a few months back.
    I just went over during lunch to BoC. The guy says I need home return permit to open an BoC account in China. He did ask me what country my passport was. Is it because I am holding a US passport?

  5. #25

    Join Date
    Dec 2017
    Location
    Central
    Posts
    193
    Quote Originally Posted by Miaofromcali
    I just went over during lunch to BoC. The guy says I need home return permit to open an BoC account in China. He did ask me what country my passport was. Is it because I am holding a US passport?
    Without work permit in China as a US passport holder you can't open a bank account, while anyone else can. Why? Duo US taxation.

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