Go Back  FlyerTalk Forums > Destinations > Asia > China
Reload this Page >

China ATMs

Register
Community
Wiki Posts
Today's Posts
Search
Vendor Directory

China ATMs

Thread Tools
 
Search this Thread
 
Old Jul 21, 2010 | 8:09 pm
  #16  
moondog
A FlyerTalk Posting Legend
Community Builder
Community Influencer
All eyes on you!
25 Years on Site
 
Join Date: Dec 2000
Location: Shanghai
Posts: 46,317
Originally Posted by AandT
BOA owns a small percentage of CCB... not sure the exact amount. Used to be 9 percent I believe but BOA sold a portion last year I think.


For my atm needs I use CCB almost exclusively and have a backup account that I use at BOC if needed.
TMK, they've held the maximum allowable percentage of shares that a foreign investors are allowed ever since the ~2005 WTO, which might be as high as 40% by now (the limits have increased every year, and won't cross 50% for the foreseeable future).

As part of this arrangement, BofA was required to close its Shanghai branch only a few years after it opened.

Other US banks are playing the same game, but no others have substantial holdings in top 5 players (tmk, I'm not so current on this stuff any more).
moondog is offline  
Reply
Old Jul 22, 2010 | 9:51 am
  #17  
mnredfox
FlyerTalk Evangelist & Ambassador: China
10 Countries Visited
20 Countries Visited
30 Countries Visited
20 Years on Site
 
Join Date: Aug 2005
Location: DEN
Programs: DL DM/MM, UA 1K, AA Exp, HH Dia, WOH Glob, IHG Plat, Marriott Gold, NA EE, Hertz PC
Posts: 17,493
Used my check card about a dozen times in China, never had a problem. Use one of the major 5 banks and you'll be fine. Just keep in mind the limits (I think $2500 RMB/transaction, daily limit is $20,000 RMB or something like that).
mnredfox is offline  
Reply



Advanced Search
Reply Closed Thread Share
Forum Jump

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

This site is owned, operated, and maintained by MH Sub I, LLC dba Internet Brands. Copyright © 2026 MH Sub I, LLC dba Internet Brands. All rights reserved. Designated trademarks are the property of their respective owners.