Bank account opening permission
People's Bank of China The bank account opening license has been officially cancelled. From July 23, 2020, it is no longer necessary to apply for an account opening license to open a bank account. From January 1, 2019, banks no longer require customers to provide account opening licenses. They only need to provide relevant identity documents and other necessary supporting documents to open accounts and provide financial services. After the account opening license is cancelled, enterprises can open basic deposit accounts. When applying for a general deposit account, a special deposit account or a temporary deposit account, the bank will verify the company's legal representative's willingness to open an account and complete the account opening review. In addition, when an enterprise applies to open a general deposit account, a special deposit account or a temporary deposit account, it needs to provide the basic deposit account number.