🇨🇳 Dalian Bank — regional account for trading business

Lawyer, Family Office

Concept

Bank of Dalian — a regional commercial bank headquartered in Dalian (Liaoning Province), one of the largest city banks in northeastern China. Assets approximately $80bn. The bank focuses on medium and small trading businesses in the region, has a simplified account opening procedure for foreign companies and less stringent compliance criteria than national banks.

Dalian is a working bank for financing trade transactions between China and Russia: the bank supports RUB-channel, has correspondent relationships with banks in the Far East and accepts HK companies with UBOs from CIS countries provided there is confirmed source of funds. This makes it a working alternative to Big Four when the profile is too complex for them.

When to choose Dalian

• Trading business RF ↔ China (import/export)
• Cross-border settlements with the Far Eastern region
• Companies seeking a more flexible compliance regime
• Financing procurement from China through the same banking group (seeFinancing in China)

Permitted beneficiary jurisdictions

• Hong Kong, Singapore
• UAE, Turkey, Kazakhstan
• RF (by agreement, with EU residence permit or second citizenship)
• EU, United Kingdom

Permitted currencies

• CNY (primary)
• USD, EUR, RUB

Fees and cost

Cost depends on profile complexity and transaction volume. Three tiers:

Documents for opening

• Beneficiary passport and proof of address
• Full corporate package of HK company
• Description of source of funds — 1–2 pages, with verifiable facts
• Audited financial statements (if available)
• Description of trading activity — main counterparties, currencies, turnover forecast

Opening stages

1. Pre-screening of profile— 1–2 days. We determine tier and approval chances.
2. Pre-approval from bank— 5–10 business days.
3. Video interview— 20–30 minutes in English.
4. Token receipt— 5–10 business days.
5. Activation— 1–2 business days.

Total timeframe —15–25 business days.

Dalian fees

• Account maintenance:$100/month.
• Payments within China:0.1%, cap CNY 800.
• International payments:0.1–0.15%, cap CNY 1,500.
• High-risk destinations:0.2–0.3%.
• RUB operations:available, higher fee — 0.3–0.5% depending on destination.

Related services

• 🐉 Financing in China— Dalian among partner banks
• 🇨🇳 Everbright Bank— another regional channel
• 🇨🇳 ZCCB— bank for cross-border trader