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Asked by Mr.Steve Ow from Singapore | Nov. 11, 2009 08:53
About:Chinese Currency & Money Exchange

Hi, i m going Shanghai next mth for shopping. I want to open an account so that i can buy things at taobao. Is it easy to set up an bank internet banking account for travellers? i am on holiday, not working. I want to remit money into this china account when next time in singapore, so that i can buy things easier in china in future. Also anyone or agent in china can help me to link my bank account to Zhifubao for future fund transfer? It is very confusing for me to understand the china procedures. Thanks!

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Answers (2)
Answered by Mr.rita from cn | Nov. 11, 2009 21:05
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In my opnion, you'd better give up this thought as the procedure is rather complicated.
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Answered by Mr.DuBois from USA | Nov. 16, 2009 20:08
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I have traveled to China many times. For me the easiest way to exchange money is to go an ATM and withdraw from my USA account. The fee from my bank for the exchange is minimal. I then have Chinese cash which is much easier to bargain with when shopping.
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