Opening a bank account in Mainland China

RE: [spiers] Opening a bank account in Mainland China

I find some large US banks have branch offices in countries I trade with.
Citibank is one such institution that has served me well for years. Check
out this link for offices in China
http://english.qianlong.com/7838/2003/12/20/207@1775172.htm

Since Russia is mentioned, you may be interested to learn that Citibank is
the 11th largest bank in that country.

Keith


-----Original Message-----
From: wileyccc@aol.com [mailto:wileyccc@aol.com]
Sent: Monday, January 12, 2004 11:23 AM
To: spiers@yahoogroups.com
Subject: Re: [spiers] Opening a bank account in Mainland China


In dealing with China, i have always used Hong Kong banks, so China rules
don't apply... presently I am working on some products from China, so I
have
bought RMB¥ in advance, but that is a supplier holding those, not a bank.
In
this instance, it is critical, of course, that i have a god relationship.
But as
for having a bank account in a mainland chinese bank, that I have not
done.

In Moscow, on the other hand, they can't sign up foreignors holding
Russian
bank accounts fast enough.

John
In a message dated 1/12/04 3:40:10 AM, sourcesf@yahoo.com writes:

<country where you deal with the manufacturer). Do you or anyone else
know the deal with foreigners opening bank accts in China (pref.
Shanghai/Beijing)?....specifically what the options are and what's a
good bank if there are options. >>

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