According to the query of Zhong Yi Finance Network, remittance from Japan to China Merchants Bank does not need to go through China Bank. At present, all joint-stock commercial banks (Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, China CITIC Bank, China Everbright Bank, Huaxia Bank, Minsheng Bank, China Guangfa Bank, Shenzhen Development Bank, China Merchants Bank, Industrial Bank, Shanghai Pudong Development Bank, hengfeng bank and Ping An Bank) and some city commercial banks (such as Bank of Beijing and Bank of Shanghai) can receive overseas remittances.

China Merchants Bank (1987) was established in Shekou, Shenzhen, with total assets of 10. 14 trillion yuan in 2022. It is the first joint-stock commercial bank in China that is wholly controlled by an enterprise as a legal person, and it is also the first pilot bank to promote banking reform from outside the system.