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Q: A question about foreign banks in China
As far as I know, for example, HSBC China has little to do with "real" HSBC (UK, US, Hong Kong etc. branches), as for me, it's like a Chinese bank with a foreign brand and better service. Are the branches of such banks as Standard Chartered, Bank of East Asia, Citibank any different?
11 years 31 weeks ago in Money & Banking - China
Citibank generally speaking follows American standards per its own operating manual; I would hardly, honestly speaking, ever classify Citibank as having given me, at least, outstanding service. If you want a foreign bank with excellent service and attention to customers, then please try Bank Julius Baer (headquartered in Zurich). Minimum deposit, however, is at least USD 10 million and they have a branch in Hong Kong as well as Beijing. Foreign banks in China mostly require much more cash up front to open a deposit than to their Chinese and local counterparts.
