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Free Business in China.
Starting a business as a sole shareholder comes with unique challenges—especially when you’re trying to open a corporate bank account and find out that most China banks require at least two online banking operators.
For many small businesses with just one owner and no employees, having two separate people to manage online banking doesn’t make practical sense.
So, what’s the solution?
Why Do Banks Ask for Two Operators?
But when you’re the sole shareholder, director, and employee, this “checks and balances” model breaks down.
While most banks stick to the two-operator rule, a small but growing number of financial institutions have recognized the needs of micro and solo-owned businesses.
For example, some branches of Industrial and Commercial Bank of China (ICBC) allow eligible sole-shareholder companies to set up just one online banking operator.
This means you can manage payments, transfers, and account administration entirely on your own—without needing to appoint (or pretend to appoint) a second person.
Have questions about your specific situation? Call our hotline at 86+189 1629 8482 (English service available).
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Set up in 2009 Focus on Tax& Accoounting +86 189 16298482 wcx@ruanyinchina.com |
