ATM withdrawals limits at China Merchants Bank raised to RMB10K in Shanghai

During a trip last month to Beijing I noted that I could withdraw RMB10,000 in a single transaction at China Merchants Bank ATM machine. Well it seems this is now available in Shanghai at least at the branch opposite to my office. This comes handy for me as I withdraw a lot from my Hong Kong HSBC account, RMB15/transaction come pile up quite fast when you are limited to RMB2,500 or RMB3,000/transaction. Also this will definitely help with decreasing the long queues that you find at those ATM machines especially during lunch time. Hope other banks follow suit soon.