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Thread: Can foreigners open bank accounts in China?
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[quote=GUEST02133,498253]Hi ! I have a company in Hong Kong. It is a trade company focused on exporting Chinese products (steel piping materials for oil and gas industry). Our main supplier has an account in Agricultural Bank of China, is based in Jiangsu province. We would like to open an account in the same bank to make financing easier. And I have few questions: 1) where do you think I should open an account - in Jiangsu or in Hong Kong? (based on earlier comments about convenience of transfers) 2) are there any limitations for transfers to foreign accounts outside of China? 3) any implications to taxation? Thank you for your would be comments! Also, I would welcome an advice on how to finance our contracts, which bank to apply to? what documents will i need, etc. [/quote]
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