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Bank and Currency
Bank
In Jiangsu, there are many bank branches in every city.
There are the Big Four state-owned commercial banks,
including ICBC (Industrial and Commercial Bank of China), BC
(the Bank of China), CCB (the China Construction Bank), and
ABC (the Agricultural Bank of China). Many private banks
have recently been established as registered financial
institutions to provide bank services.
For financial services, it is one of China’s WTO (World
Trade Organization) commitments that international financial
institution can open its branches in China to provide
financial services to international travelers, expatriates,
and locals. There are many international banks and financial
groups that have set their branches in many major cities,
including City Group (US bank), Bank of Montreal (Canadian
Bank), and Standard Chartered Bank.
Agricultural Bank of China, Nanjing Office
Address: 28 Changfu Street, Baixia District, Nanjing, Jiangsu, China
Tel: 86-25-8457 8628
Bank of China, Nanjing Branch
Address: 3 East Zhongshan Road, Nanjing, Jiangsu, 210005, China
Tel: 86-25-8441 2412
Fax: 86-25-8450 5774
Bank of Montreal, Nanjing Office
Address: Rm. 3208, Haitong Securities Tower, 689 Guangdong Road,
Shanghai 200001, China
Tel: 86-10-8518 8166
Fax: 86-10-8518 8169
Citygroup
Address: 33 Huayuan Shiqiao Road, Luzui Finance and Trade Area, Shanghai, China
Tel: 86-21-2896 6000
Fax: 86-20-3880-1267
Hongkong & Shanghai Banking Corporation Ltd (HSBC), Suzhou Office
Address: Room 1506-1508, Century Financial Tower No.1 Suhua Road, Suzhou Industrial
Park, Suzhou, Jiangsu 215021, China
Tel: 86-512-6761 9669
Fax: 86-512-6762 3357
Industrial & Commercial Bank of China (ICBC), Nanjing Office
Address: 408 Zhongshan Road South, Nanjing, Jiangsu 210006, China
Tel: 86-25-95588
Standard Chartered Bank, Nanjing Office
Address: Rm A - B, Level 46, No.49 ZhongShan South Road,
ShangMao Century Plaza, Nanjing, Jiangsu 210005, China
Tel: 86-25-8689 0333
Fax: 86-21-5876 4237
For other banks or branches, see the bank information in category, Mortgagers
of Real Estate.
Currency
Chinese official currency is called renminbi and its
principal unit is yuan. The currency is issued by the
People’s Bank of China, CNY or simply RMB in abbreviation.
The Latinised symbol is ¥. One yuan is divided into 10 jiao
and one jiao is divided into 10 fen (cent).
Present exchange Rate:
In April, 2007, $1 USD = ¥ 7.73 RMB or ¥1 RMB = $0.12955046
USD. You can exchange currency in most of Chinese banks.
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