Ensure that your Russian counterparty is a client of the VTB Group;
Wait for a confirmation from a VTB Shanghai manager. They will contact you after verifying your documents to invite you to the office for the account opening procedure.
What documents are required to open an account with VTB Shanghai?
The list of documents for opening a resident account is available at the following link.
The list of documents for opening a non-resident account is available at the following link.
How long will the account opening take after signing the documents at the meeting?
For residents of China:
General account and Basic account are opened no later than the next business day after the complete set of account opening documents is received from the Client.
For non-residents of China:
General Account is opened no later than the next business day after the complete set of account opening documents is received from the Client;
Basic account is opened not later than the next business day after the Client’s registration. The registration procedure takes approximately 14 business days.