The place to ask China-related questions!
Beijing Shanghai Guangzhou Shenzhen Chengdu Xi'an Hangzhou Qingdao Dalian Suzhou Nanjing More Cities>>

Categories

Close
Welcome to eChinacities Answers! Please or register if you wish to join conversations or ask questions relating to life in China. For help, click here.

By continuing you agree to eChinacities's Privacy Policy .

Sign up with Google Sign up with Facebook
Sign up with Email Already have an account? .
0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

Q: Do the Chinese even use cheques?

I'm preparing a lesson on banking and money and I was writing about how in the UK cheques have largely died out to be replaced with debit cards and I realised I don't think I've ever seen a cheque in China. Do they exist? What about your home nation?

7 years 4 days ago in  Money & Banking - Other cities

 
Answers (4)
Comments (4)
Posts: 1893

Emperor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

Cheques (checks fer th' 'Mericans) have not been used in China as they have always been a predominanty cash society. Back in the dynasty days, letters of credit were used by officials and nobles.

 

Certified cheques are still available through major ICBC branches.

Report Abuse
7 years 4 days ago
 
Posts: 1847

Emperor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

Cheques (or checks) are used for business purposes. If you have a registered company here, to withdraw cash from a RMB account, you purchase the cheques from the bank. You need a little device for generating a PIN number each time, the main company stamp (chop) and the smaller, square legal representative chop. The cheques are not signed.

Report Abuse
7 years 4 days ago
 
Posts: 2765

Emperor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

Who uses cheques now? Anyone? I imagine debits cards dominate anywhere one may use them.

Report Abuse
7 years 4 days ago
 
Posts: 2020

Peasant

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

my company does.

Report Abuse
6 years 50 weeks ago
 
Know the answer ?
Please or register to post answer.

Report Abuse

Security Code: * Enter the text diplayed in the box below
Image CAPTCHA
Enter the characters shown in the image.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <img> <br> <p> <u>
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
  • Textual smileys will be replaced with graphical ones.

More information about formatting options

Forward Question

Answer of the DayMORE >>
A: Going to HK would be the best bet I reckon, especially if you were loo
A:Going to HK would be the best bet I reckon, especially if you were looking for a church wedding. Chinese weddings are pretty grim IMO - you go to a barren govt dept with souless officials and navigate red tape so some guy can give you a red stamp and a marriage book. You get expensive pictures taken of you both posing in places you'd never go to in everyday life that is somehow supposed to represent your wedding, then a while later it's off to a restaurant where a game show host kind of guy makes sure it's as tacky as possible while the guests eat as fast as they can so they can leave as soon as they finish eating and gave you money. Hell, I'd go to Thailand or the Philippines and get married in Paradise.   -- Stiggs