🇨🇳 Ping An Bank — tech-enabled account for corporate clients

Lawyer, Family Office

Overview

Ping An Bank — national joint-stock commercial bank headquartered in Shenzhen, listed on Shenzhen Stock Exchange. Part of thePing An Insurancefinancial holding — one of the world's largest insurance groups with assets exceeding $1.5 trillion. Total banking assets — approximately $800 billion, over 1,000 branches in China.

Among Chinese banks, Ping An stands out for itstechnology and quality of corporate online banking: intuitive interface, real-time dashboards, API for integration with accounting and ERP systems, mobile onboarding. This makes the bank particularly attractive for tech-enabled corporate clients, fintech startups, and companies with complex cash management.

Ping An — one of private.law's key partners in theFinancing in Chinaprogram: the bank actively works with trade finance for importers and provides large credit products for cross-border projects.

When to choose Ping An

• Corporate clients requiring advanced online banking and API integration
• Technology companies, fintech startups, SaaS with Chinese clients
• Trade finance — Ping An offers flexible credit lines and letters of credit
• Large cross-border trading with multi-currency cash management needs
• Companies that need an international-level counterpart (bank represented in US, EU, Singapore, Hong Kong)

Permitted beneficiary jurisdictions

• Hong Kong, Singapore, Malaysia, Japan
• UAE, Turkey, Saudi Arabia
• EU, United Kingdom, Switzerland
• USA, Canada, Australia
• Russia, Belarus, Kazakhstan — by arrangement if EU/UK/UAE residence permit available

Permitted currencies

• CNY (primary)
• USD, EUR, GBP, HKD, JPY, SGD
• Additional currencies upon request

Fees and pricing

Our service fee — from€5,000depending on profile complexity. For standard HK companies with clean UBO, base rate applies; for multi-jurisdictional structures or complex cash flow patterns — individual calculation.

Documents for opening

• Beneficiary passport and proof of address
• Complete corporate package for HK company
• Business model description — 2 pages, client types, currencies, turnover forecast
• Audited financial statements for last two years (from company's second year of operation onwards)
• Sample actual contracts with key counterparties (may be redacted)
• LinkedIn / profiles of key persons
• For technology companies — product architecture description and cash flow modeling

Process stages

1. Pre-screening of profile— 2–3 business days.
2. Bank pre-approval— 7–10 business days.
3. Video interview— 30–45 minutes in English.
4. Token issuance— 5–10 business days.
5. Activation— 1–2 days.

Total timeline —15–25 business days.

Ping An fees

• Account maintenance— $120/month.
• Domestic China payments— 0.08%, cap CNY 800.
• International payments— 0.1%, cap CNY 1,500.
• Currency exchange— competitive rates.
• Trade finance— separate tariffs for letters of credit, performance bonds, Sinosure insurance.
• For turnover from $3M/year — individual tariffs by arrangement.

Key features

• Online banking at the level of best European banks— real-time dashboards, mobile app with touchID, web interface in English and simplified Chinese.
• API for accounting integration— Ping An offers corporate clients REST API for payment automation, statements, FX operations. This enables embedding the Chinese bank into Vesper infrastructure (or any other corporate system).
• Correspondent network— Ping An has strong relationships with banks in EU, USA, Southeast Asia, ensuring fast and predictable international payments.
• Trade finance specialization— the bank understands the specifics of cross-border trade transactions and readily works with importers/exporters.

Related services

• 🐉 Financing in China— Ping An key program partner
• 🇨🇳 Chinese banks overview— map of all options
• 🏛 Bank of China— "Big Four" alternative
• ⚡ Everbright Bank— joint-stock category alternative