Banking in China continues to amuse and mystify. I took a trip to ICBC bank at lunch time:
WoAi: I’d like to withdraw 50,000 RMB please.
Clerk: Do you have any ID?
Clerk: Ok. Do you have one rmb?
Clerk: Give me 1 rmb and I’ll give you 50,000 RMB.
WoAi: Er, ok.
I didn’t ask why. My guess is that you need ID to withdraw 50,000 rmb but not for a smaller amount. Or perhaps 1 rmb is the necessary bribe to replace valid form of ID, or a kind of punishment!
If you’re wondering why I was taking out 50,000 rmb, well it’s part of my plan to rescue the Hong Kong economy. Yes that’s right, 4 consecutive, uninterrupted days of shopping in HK for May holidays!