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Opening a Chinese Bank Account

Question from one of our subscribers:

Is it possible to open an account in a Chinese bank for transactions?

Answer:

Hi!

I could say that Chinese banks are expensive and could be really bothersome. You would do better with a bank in Hong Kong. Most China companies, nowadays, have HK accounts and you can transfer money to them easily – from your own account. They will also accept USD with no conversion fees.

 

 
 
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