8 ms·

I'm not sure what "recent" means, but 3-4 years ago when i first got to China it was very difficult to open a bank account as a foreigner, even with a huge wad

I'm not sure what "recent" means, but 3-4 years ago when i first got to China it was very difficult to open a bank account as a foreigner, even with a huge wad of yuan in my pocket. It might just be the areas i visited, but i tried several different banks while traveling on a tourist visa and every single one said no. I eventually was able to open an account, but i had to show proof of residence (apartment lease), proof of residence registration (obtained from local police), work permit and employment contract. Even opening a second account a couple years later (required because many employers in China will only pay into one specific bank) and speaking fairly fluent Chinese i had to go through the same song and dance.

dmix 6y ago
That’s interesting, I may be wrong then about the odds in general of this approach. The guy had a work permit permit and lived in Shenzhen. He now left China for good over various reasons and now makes anti China for a living (whom I’m sure is easy for anyone to find) but I remember that one distinctly being fairly recent. Upon second thought he may have referenced it in one of the videos of why he left China where one of his biggest complaints is how it’s harder for foreigners to live there than ever at the moment. I personally don’t know much about the topic sadly. I was planning to go then the pandemic hit.
- ksec 6y ago
  Shenzhen and Shanghai are possibly the only two that could do it within days and not weeks. In ALL other regions ( including Beijing ) it is either weeks / months or literally impossible. ( Because no one knows how to do it )
  - dmix 6y ago
    Good to know. I'm curious why Shanghai is on your list but not Beijing.
    - ksec 6y ago
      It is basically down to experience and efficiency of those operations and know-how. Beijing tends to be a tad slower and stricter. It is still infinitely better better than say, Nanjing, where no one in the branch has a clue how to do it.
seanmcdirmid 6y ago
You have to have a resident visa (like a Z working or a student visa). I've never heard of any bank giving bank accounts to tourists; on the other hand it is easy to get one when you have all the proper docs. Getting a credit card on the other hand...forget it.

dmix 6y ago

That’s interesting, I may be wrong then about the odds in general of this approach. The guy had a work permit permit and lived in Shenzhen. He now left China for good over various reasons and now makes anti China for a living (whom I’m sure is easy for anyone to find) but I remember that one distinctly being fairly recent. Upon second thought he may have referenced it in one of the videos of why he left China where one of his biggest complaints is how it’s harder for foreigners to live there than ever at the moment. I personally don’t know much about the topic sadly. I was planning to go then the pandemic hit.

ksec 6y ago
Shenzhen and Shanghai are possibly the only two that could do it within days and not weeks. In ALL other regions ( including Beijing ) it is either weeks / months or literally impossible. ( Because no one knows how to do it )
- dmix 6y ago
  Good to know. I'm curious why Shanghai is on your list but not Beijing.
  - ksec 6y ago
    It is basically down to experience and efficiency of those operations and know-how. Beijing tends to be a tad slower and stricter. It is still infinitely better better than say, Nanjing, where no one in the branch has a clue how to do it.

seanmcdirmid 6y ago

You have to have a resident visa (like a Z working or a student visa). I've never heard of any bank giving bank accounts to tourists; on the other hand it is easy to get one when you have all the proper docs. Getting a credit card on the other hand...forget it.