The cost of opening an account: From 1500 USD
The cost of opening an account: From 1500 USD

General information

Name:Ping An Bank


Faunded:1 990
History:It was established in the early 90s. After several reorganizations it works under its present name
Employees:The staff speaks English a bit
Shareholders:As in all the banks of the PRC, the main shareholder is the state. Total assets amount to more than one trillion yuans


Terms of opening for admission (days):10
Opening terms for cancellation (days):10
Recommendations:Not required
Description of activity:Brief
Account type:Personal, corporate
Types of accounts:Personal; Corporate; Settlement
Departure to the bank:Visiting the bank is required. Presence of the Director of the company is required during the interview/conversation in the Bank.Visit the company's owner (beneficial owner) is not required.Further (a few weeks later),second visit to the bank is necessary
Required documents:There should be actual and active Chinese phone number (or address in China). Standard set of corporate documents. Plus Certificate of Incumbency (if the company is older than 3 months)
Account opening, probability:Calculated and perceived


Rating in the world:101
Country Rating:12
The head bank in the country:12
Головного банка в мире:101
Rating on loans:AAA


Balance, minimum:0 €
An initial fee :0 €
Transaction speed:2-3 business days

Services and costs

Cost of translation:Maximum threshold does not exist, but it can be set under a separate agreement with the banker
Cost of enrollment:No information
Cost of account maintenance:The cost of opening an account is about 5,000 Hong Kong dollars (about 650 USD)
Access to the account:Control via Internet banking. Chinese interface, but our programmers can create Russian or English interface of the program bank-client, which can be run on top of the Chinese software. Access code is sent to the Chinese phone number
Bank services:Opening foreign currency account; international payments, interbank loans; currency guarantee; foreign currency transactions, and consulting.
Bank cards:Visa, Mastercard
Cost of extracts storing:No information