How do you open a corporate bank account in China?

The Chinese banking system is famously complex. Here, Francesca Scortichini of Hawksford, explains the main types of bank accounts available to companies and the latest banking requirements in 2021 The banking system in China has experienced a profound transformation over the years. Most recently it has been the focus of a campaign aimed at modernising its traditionally closed system and preventing illegal practices. Its many peculiarities affect the daily operations…