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Banking

For a list of banks, please click on the 'Banking in China' tab located above.

China has, for a long time, been an economy based on cash. Many nationals still don't have bank accounts or cash/credit cards. Wages are still often paid in cash too. But with such a change in the economy of late, traditional forms of banking are gaining remarkable popularity.

You will find few Western banks in China, which is dominated by mainly local banks. Opening an account is a surprisingly easy process. You will need to provide as documentation:

• ID (passport)
• Residency Permit or Visa
• Proof of address
• Banking hours are commonly 0900-1700 Monday to Friday.

Click here to Ask an Expert about Banking in China