Is the banking system safe in China?
It might seem obvious but it’s still worth mention that foreigners are the most likely targets for petty theft in China. It’s not advisable to carry large amounts of cash around with you and use common sense when travelling on public transport (don’t leave your personal belongings within easy reach or unattended). There are a couple of things to consider when deciding how best to manage your funds while abroad. Most Australian banks now offer secure internet banking services, a safe and convenient way to manage your funds. To access your Australian account in China using your ATM card will, however, incur an international transaction fee. These fees can add up to quite a bit over a 6 month period and it may be worth your while considering one of the following options: 1) opening an account with a reputable Asia-Pacific bank (such as HSBC). This is especially useful for those who plan to be transferring money to and from China. 2) opening a secure local account upon your arrival with th
