Foreign Banks

Many foreign banks have representative offices in China. In 1995, the first foreign banks established full branches. In 1997, foreign banks were permitted  to conduct business in yuan and in 1999 they were permitted to open branches in all major Chinese cities. China granted a number of foreign currency licenses to foreign banks in 2002.

Citibank, 1/F., Tower 1, Bright China Changan Building No. 7, Jianguomenwei Avenue, Dong Cheng District, Beijing 100005 (tel: (10) 6510 2933-7251). Marine Tower, No. 1 Pudong Aveneue, Pudong New Area, Shanghai 200120 (tel: (21) 5879 1200). Web site: www.citibank.com.

Deutsche Bank AG, No. 1 Jiangguomenwei Avenue, Beijing 100004 (tel: (10) 6505 2305-06; fax: (10) 6505 2304). 29/F., 101 Yin Cheng East Road, Pudong, Shanghai 200120 (tel: (21) 6841 0808; fax: (21) 6841 2277). Web site: www.db.com.

HSBC, G/F., Block A, Beijing COFCO Plaza, 8 Jianguomenwei Aveneue, Dong Cheng District, Beijing 100005 (tel: (10) 6526 0668; fax: (10) 6526 0669), G/F., HSBC Tower, 101 Ying Cheng East Road, Pudong, Shanghai 200120 (tel: (21) 6841 1888; fax: (21) 6841 1333). Web site: www.hsbc.com.

Standard Chartered Bank, 31/F., China Merchants Tower, Onward Science & Trade Centre, 118 Jian Guo Lu, Chao Yang District, Beijing, 100022, (tel: (10) 6566 9888; fax: (10) 6566 9898), G/F., China Merchants Tower, 161 East lujiazui Lu, Pudong District, Shanghai 200120 (tel: (21) 6888 0660; fax: (21) 5887 1608). Web site: www.standardchartered.com.