It is hard for you to receive service from foreign banks

It is hard for you to receive service from foreign banks
Apr 6, 2007 04:48	#11
WINDENERGY Points: Join Date: Jan 24, 2006 Status: Offline	BBQQ, I have no problems OR additional service involved when dealing with my American bank while living here in China. On the other hand, if I use Chinese banks to buy Traveler's checks or Cashier's checks, the Chinese banks charge a tremendous "service fee". So, I think it comes down to understanding that economically, domestic banks favor those who are residents. Only the World bank could cater to international business and they have done so in an environmentally disasterous way. Why do you need international banking services anyway? Keep hold of your RMB, the value is increasing more and more. __Windenergy__

Apr 6, 2007 04:48

#11

WINDENERGY
Points:
Join Date: Jan 24, 2006
Status: Offline

BBQQ,
I have no problems OR additional service involved when dealing with my American bank while living here in China. On the other hand, if I use Chinese banks to buy Traveler's checks or Cashier's checks, the Chinese banks charge a tremendous "service fee".
So, I think it comes down to understanding that economically, domestic banks favor those who are residents. Only the World bank could cater to international business and they have done so in an environmentally disasterous way.
Why do you need international banking services anyway? Keep hold of your RMB, the value is increasing more and more.

__Windenergy__

Apr 7, 2007 22:14	#12
ELLEN77 Points: Join Date: Feb 7, 2007 Status: Offline	I'm expecting much for the foreign banks.

Apr 8, 2007 05:35	#13
SANYACHINA Points: Join Date: Mar 26, 2007 Status: Offline	The foreign banks are here not to give you, but to take from you. So you just expect that they will be more rich after few years working in China. don't expect, just hope everything to be honest and normal. They're here to make business, they are not something like Mother Teresa.

Apr 8, 2007 12:32	#14
LIONPOWER Points: Join Date: Dec 11, 2006 Status: Offline	Sanya, compare banker with a banker. Not wise to compare a Banker with Holy Soul Mother Teresa.

Apr 8, 2007 13:57	#15
APAULT Points: Join Date: Mar 11, 2006 Status: Offline	Ellen, I fear you might be disappointed! I have previously said that they should increase the service by all banks, BUT first they will just look for the most profitable customers, generally not you and me! (Someone else commented on this). The modern slang term we use is 'cherry pick' - pick the juiciest fruits! In many western countries the consumer's view of banks is very low.

Apr 9, 2007 01:03

#16

CHETWYND
Points:
Join Date: Feb 12, 2007
Status: Offline

An interesting thread. I agree with Paul that in many western countries people consider the banks to be a bunch of robbers. I think the Chinese banks, from my experience anyway, are much the same.
It is interesting that in some western countries the Chinese people are often the target of robberies because it seems the bad guys know that Chinese do not use banks very much at all and often keep large sums of cash at home. The taxman can only get you if he can get the information about your income, and the banks are the easisest way for doing that. Cash under the mattress is not subject to any transaction fees or taxes.
I think it is probably a good thing for Chinese to stick with their local banks unless the benefits of changing are significant.

Apr 9, 2007 04:54	#17
ELLEN77 Points: Join Date: Feb 7, 2007 Status: Offline	I'm sorry to hear that! :(

Apr 10, 2007 05:46	#18
SANYACHINA Points: Join Date: Mar 26, 2007 Status: Offline	"Sanya, compare banker with a banker. Not wise to compare a Banker with Holy Soul Mother Teresa." ______ It was not a comparing. It was an APOPHATIC sentence. I.e. The way of explanation of the esssence of the things (in this case - the bankс) through negation. Comparing is another kind of logic thing - it is TRADUCTION.

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