# 🇨🇳 Corporate bank accounts in China — overview > China's banking system for foreign-owned companies: the Big Four, joint-stock and regional banks, account access, and what private-capital structures need. Author: Мария Плотникова — юрист, Family Office (https://wiki.private.law/authors/plotnikova) Last modified: 2026-06-04T06:09:00.000Z Canonical: https://wiki.private.law/en/chinese-banks Topics: banking Jurisdictions: china Functional tags: chinese-banking, corporate-banking Semantic tags: chinese-banking, corporate-banking --- Lawyer, Family Office --- ## Concept The Chinese banking system consists of four categories of banks:"Big Four"state-owned commercial banks (ICBC, China Construction Bank, Agricultural Bank of China, Bank of China),national joint-stock banks(Everbright, Huaxia, Pudong Development, Pingan, etc.),city commercial banks(Dalian, Harbin, Langfang, Zhejiang Mintai and hundreds of others), andpolicy banks(Export-Import Bank, China Development Bank), which do not open corporate accounts for private companies. After 2022, compliance standards in Chinese banks tightened significantly, particularly regarding foreign beneficiaries. Not every bank continues to serve HK companies with complex or geopolitically sensitive UBO structures. Below is a map of banks we actively work with today, and those we can recommend to clients but do not service directly. > 💡 One general principle:all Chinese banks require an HK company or WFOE as corporate wrapper. Opening a Chinese corporate account for an individual or offshore company is impossible. If you do not yet have such a structure — start withHong Kong company registrationorGuangzhou. ## Banks we work with These banks are in our active product catalogue. For each we have a tested account opening process, local associates in Shanghai and a team ready to close the deal. | Bank | Type | Client profile | Cost | | --- | --- | --- | --- | | 🏛 Bank of China | Big Four | Trading companies from EU/Asia/UAE | €7,000 | | 💼 ZCCB — Zhejiang Chouzhou Commercial Bank | Regional | Cross-border trading, many profiles | €8,000 | | 📊 Huaxia Bank | Joint-stock | Financial consulting, asset management | from €5,000 | | 🌊 Bank of Dalian | Regional | CIS trading, northeast corridor | from €2,500 | | ⚡ Everbright Bank | Joint-stock | Trade finance, mid-sized trading companies | from €2,500 | | 🐻 Harbin Bank | Regional | CIS trade, CIS beneficiaries | from €1,250 | | 🏙 Langfang Bank | Regional | Large-scale trading, complex profiles | from €4,000 | | 💎 Pingan Bank | Joint-stock | Advanced online banking, corporate clients | from €5,000 | > 💡 Universal rule: a Chinese bank will still readily accept an HK company with apartially-Russianbeneficiary if the person holds a residence permit or second citizenship in a country without sanctions restrictions. Without such status, the choice narrows to Harbin, ZCCB and Dalian. ## Banks we do not work with (and why) Below are banks where account opening is difficult or impossible in the current configuration. Each is described on a separate page with detailed analysis and alternatives. | Bank | Type | Why we do not currently work with them | | --- | --- | --- | | 🏦 ICBC | Big Four | Completely stopped opening accounts for HK companies with sanctions-sensitive UBOs in October 2022; for other profiles requires physical presence of director | | 🏛 China Construction Bank (CCB) | Big Four | Blocks at compliance review stage without stating reason; unstable channel | | 🌾 Agricultural Bank of China (ABC) | Big Four | Historical focus on agricultural sector + sanctions-sensitive markets—after 2022 moved to closed client list | | 🏢 Pudong Development Bank (SPDB) | Joint-stock | Strict requirements for local director; sub-accounts only for transaction volume > $1M/month | | 🌉 Zhejiang Mintai Commercial Bank | Regional | Small assets, limited correspondent network; recommended only for niche projects | For each of these banks there is up-to-date information on status and working alternatives on a separate page. If any client needs a solution through one of them — we can help with an alternative or offer a structure through our channel. ## Documents required by all Chinese banks Any Chinese bank opening a corporate account for an HK company will require the same basic set: - Beneficiary passport (all pages) - Proof of residential address (not older than 3 months) - Source of funds description — 1–2 pages, verifiable facts - Complete HK company corporate kit (Certificate of Incorporation, Business Registration, Articles of Association, Annual Return / NAR1, audited statements if available) - Business model description — 1.5 pages, client types, currencies, 12-month turnover forecast > 💡 The descriptive part is more critical than the formal — the bank makes approval decisions based on it. We prepare it as neutral business text with three verifiable facts and no marketing language. ## What all Chinese banks have in common - Hardware tokens— two transaction confirmation devices, sent by courier to any country - Online banking— usually view-only + electronic upload of documents, not for real-time operations - Compliance review of each transaction— every payment undergoes manual review, notify the bank in advance about large transactions - Opening timeframe— 15–25 business days with clean KYC; up to 45 days with enhanced due diligence - Minimum monthly turnover— most banks require ~$50K/month for active account servicing ## Related services - 🇭🇰 Hong Kong company— corporate wrapper for all Chinese accounts - 🇨🇳 Company registration in Guangzhou— if WFOE needed for direct presence - 🐉 Financing in China— credit products from Chinese banks (Dalian, Everbright, Pingan) - 💼 neobank for international entrepreneur— alternative to bank account for small turnover --- ## Factual claims - Lawyer, Family Office - After 2022, compliance standards in Chinese banks tightened significantly, particularly regarding foreign beneficiaries.