Starting from November 1, a series of new rules and policies will take affect across China. Let’s see how everyday life will be changed.
Unused bank cards Will Be frozen
Without Notice
Domestic banks are taking steps to eliminate long-term unused bank accounts.
Many banks in China recently announced that beginning from November 1, they will freeze bank cards that were issued before December 31, 2016 and have had zero activity during the first three quarters of this year. Specifically, banks cards with no deposit or accrued interest will be cancellation.
More details
Attention! Your Bank Card Will Be Canceled Without Notice!
Pay High-speed Railway Tickets
Via WeChat Payment
Since today, you can use WeChat Payment to purchase high-speed railway tickets at official website 12306.com, face to face at ticket windows and at self-service ticket machines.
It is worth mentioning that the railways have been trying to improve their customer service. For example, passengers are now able to select seats when buying tickets online for high-speed services.
More details
New System Makes Train Tickets Booking Better in China!
Insurance Companies Must Make Voice or Video Recording When Selling
From November, insurance companies are required to make a voice or video recording when selling their products.
This move is expected to better protect both party’s interests, as the recording can help determine who should be held responsible for any issues that may arise post sale.
Custom Declaration Is Needed
When Carrying More Than MOP120,000
Custom of Macao give notice that traveler carrying more than MOP120,000 or bearer instrument need to declare to the custom.
The policy is applied to not only travelers but also local Macao residents.
Without Operating Permit, Agencies and Individuals Are Not Allowed to Organize Group Travel Through WeChat
According to new tourism regulations that will take effect from November, agencies and individuals who don’t have operating permit in Guangdong province are not allowed to organize any group travel through social media platforms like WeChat, blogs, or in the name of any associations or clubs.
Punishment For Hiring Someone Without Auctioneer Qualification
According to State Administration for Industry & Commerce, consignor is forbidden to participate in bidding or entrust others to vie for purchase.
Moreover, hiring someone without auctioneer qualification to conduct auction will submit to a punishment of RMB10,000 at most.
Are You Qualified For China Z-visa!
This 1 Minute Test Can Tell!
HACOS,Business Services Solutions Master