Working with banks in China can be a minefield

As multinational companies (MNC) look to establish and build successful businesses in mainland China, they face a number of hurdles, including understanding local regulations and working with new banking partners. Many will choose to leverage existing partnerships with an international bank to assist in the process of setting up new entities in a foreign territory. But as increasing numbers of MNCs set foot on the mainland, they can learn from other firms' mistakes and avoid the pitfalls.