banking

Kristina Koehler-Coluccia, Head of Business Advisory at Woodburn Accountants & Advisors, offers a quick guide to local Chinese bank accounts for foreigners living and working in China, including business owners This article offers an overview of the essential information you need to know to open a bank account in China as a foreigner, including the general requirements, types of accounts and bank options. Different types of bank accounts in China… …

The misfortunes of Chinese property giant Evergrande have dominated the headlines recently, but presenting Evergrande’s predicament as China’s version of the collapse of Lehman Brothers is not accurate, writes Joe Cash Evergrande currently faces liabilities of $305 billion (£222.8 billion) and was supposed to pay its creditors $83.5 million (£61 million) in bond interest by noon on Friday, 24 September Hong Kong time. The interest repayment deadline passed without any… …

One of the most frequently asked questions about doing business with China is the banking system and repatriating money: Duncan Levesley of Grant Thornton explains While British companies continue to sell more and more products and services in China across an ever-growing range of sectors and niches, one issue that most face is ensuring that the money they make from Chinese customers finds its way back to the UK. There… …

In this six-part business guide to doing business in China produced by Hawksford, we’ll give an overview of what you need to consider before entering the market. Ranging from localisation, to the legal and banking systems, to type of company set up. This series is a great jumping-off point to understand the many nuances of doing business with China. PART 2: The banking system  The Chinese banking system is large… …

Tom Pattinson speaks to Ma Weifeng, CBBC’s financial sector lead in Beijing, who explains how China’s financial sector has taken a leap forward when it comes to opening-up   Following tenacious governmental initiatives, financial opening-up efforts are set to pick up pace in China. The China Securities Regulatory Commission, the most important securities regulator in the country, announced on March 13th that foreign companies will be able to fully own… …