The two accounts
- Basic account (基本户): the company’s main RMB account for paying salaries, rent, taxes and suppliers. A company can have only one.
- Capital account (资本金账户): receives registered capital in foreign currency from the parent company.
What the bank will ask for
- Business licence and company chops
- Articles of association and shareholder documents
- Identity documents for the legal representative and beneficial owners
- A description of the business, customers and expected transactions
How we help
We prepare a complete bank pack, choose a bank that fits your situation, and attend the appointments with your legal representative, in person or by video.
Related: WFOE registration · Accounting & tax
Frequently asked questions
Why does the bank take so long?
Banks must verify the company's beneficial owners, the source of the capital and the real business activity. Clear documents and a credible business description speed this up considerably.
Can I choose any bank?
In principle yes, but banks differ in how they handle foreign-owned companies and remote verification. We recommend banks based on your district, currencies and whether you can travel.
Reviewed by Admin, Choi & Partners · 3 October 2026. This page is general information, not legal advice.