Where should I setup a bank account in Qingdao?

We asked expats in Qingdao what banks they use and there advice about banking. They advised...

"Expats who are considering retiring in Qingdao should be aware that health insurance is mandatory and they will need to apply for it at the local government office. Additionally, expats should ensure that their visa is updated every year and should apply for residence permits in order to be able to stay in Qingdao for longer than six months. English is not widely spoken in Qingdao, so expats should familiarize themselves with the local language, Mandarin Chinese. Finally, expats should factor in the cost of living in Qingdao, as prices are higher than the national average," wrote a member who made the move to Qingdao, China, China.

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Where should I setup a bank account in Qingdao?

If you live in Qingdao, newcomers to Qingdao would love to hear your answer to this question.