Panda Logo

CU Home
CU Business

Channels:

Panda Mania
Travel
Education
Ditties
Cookbook
Fun 'N Games
Holidays

Shopping

Search

Visit our Sister Sites:
Gardener's Network
Garden Hobbies
Holiday Insights
Pumpkin Nook




Composters: Convert yard and kitchen waste





Deck boxes:
All shapes and sizes

MastHead

MONEY AND BANKING

It is well known that Hong Kong is a banking mecca, one of the largest banking centers in the world. Less is known about banking and the availability of banking facilities and loans inside of China. The simple answer is complete banking facilities and services are available through local Chinese banks. This includes savings, checking, loans and credit cards. Banking transactions are in local currency, Renminbi(RMB).

Foreign Enterprises will use local banks for their  in country, local currency banking needs.


Automated Teller Machines(ATMs)

Automated teller machines are plentiful. RMB can be obtained from them 24 hours per day. Most major ATM international providers can be found. However, ATMs servicing foreign based providers may be scarce.


Checking Accounts

Checking accounts as well as savings accounts are readily available at local banks for use by foreign enterprises. All transactions are in local currency- - RMB.


Credit Cards

Credit cards can be used in China at a wide variety of stores and businesses. Tourist and travellers may use their credit cards for hotels, restaurants, and shopping. In fact, use of credit cards wherever possible is recommended as the exchange rate is slightly better than currency exchange rates at airports, hotels and banks.

The following credit cards can be used in most locations:

  • American Express

  • Mastercard

  • Visa

Chinese citizens can obtain credit cards at their local banks in most areas.

Remember to bring a significant amount of cash. While credit cards can be used in many places, there are a large number of local restaurants and shops which do not take credit.


Currency

Chinese currency is called Renminbi(RMB) or Yuan. It is not openly traded in the international currency market.

To see pictures of this currency and a description of it, see Local Currency.

To find out the current exchange rates for RMB and your funds, see Exchange Rates.


Loans

Local banks provide a wide range of loans and credit to businesses. They service both local and foreign enterprise. The use of loans and revolving credit is a good way to leverage investments in China and minimize business risk associated with doing business in China. This is especially important during startup as cash flow tends to be negative as the fledgling business is acquiring it's capital assets, and building inventories, but has not yet generated revenues.

Loans can usually be acquired without parent corporation guarantees or letters of comfort.


Travellers Checks

Travellers checks are largely passe in today's finanacial monetary world.


The  Compact ComposTumbler is the perfect solution for people who want to convert kitchen and yard waste into, rich, organic compost.

Buy a Composter now

More on Composters



Buy Guarden Raised Garden Bed Frames Perfect for people who aren't into building their own raised beds. These raised beds are attractive, long lasting and affordable. Guarden raised bed frames are the strongest in the industry. A greenhouse system can be added to them, too.

Shopping Channels:

Gardening:
Seeds - 500 Varieties
Organic Supplies

Cold Frames
Composters
Garden Fertilizers
Greenhouses
House Plants
Garden Planters
Raised Beds
Trees, Shrubs, Vines

Yard & Deck:
Hammocks
Hose Carts
Outdoor Storage
Rain Barrels
Rock Enclosure
Solar Lighting
Pest Control

Seasonal:
Christmas
Halloween
Thanksgiving
Other Holidays
Carving Stuff
House Flags
Decorations
Kitchen/Party Supply

Other:
Tomato Strainer
Food Processing
Kitchen Gadgets
Kid's Playhouses

|| Home || Search || Business || Travel || Education || Shopping || Cookbook || Ditties ||
|| Fun 'N Games || PandaMania || Photo Gallery || Contact Us ||

Copyright ©1999-2017: China Unique by Premier Star Company