The real situation is: as long as relatives and friends have someone who can read and write in China, you can get a bank account with his/her help.
In fact bank begs you to open an account.
Things is not as simple as it looks. Some Chinese say the founder of 'Redcore' is officiallings. There cound be some
collusion between the referee and the athlete, when he get his fundraising.
They need compete with www.sinovationventures.com.'Sinovation Ventures' has quite a few similarities to YC, for example:The founders like to support each other, etc