According to China Cai Zhao. Caofeidian Port is the main coal transportation port in China. Under normal circumstances, no matter whether an enterprise or an individual opens a bank or securities account in Caofeidian Port, there is no need to pay any fees.

There is no threshold for opening an account in Caofeidian Port. As long as they are legal citizens of China, aged between 18-70 and have no bad credit record, they can open an account for free. The materials to be prepared for opening an account include: ID card, bank card and handwritten signature photo.