Mainly due to the following reasons: 1. Policy Support: Bank of China has introduced some preferential policies or support plans for small companies to encourage their development.
2. Scale advantage: China Bank, as a large bank, has the advantage of scale economy, and can provide certain preferential treatment on the account opening fee.
3. Service package: Banks provide a package of services suitable for small companies, including account opening, settlement and online banking. Considering the overall cost, the account opening fee is relatively low.
4. Market competition: The competition between banks will also lead some banks to compete on account opening fees to attract small company customers.
5. Government subsidies or support: China Bank has obtained relevant government subsidies or support to better serve small enterprises.