– Renminbi Current Account: ¥ 5,000
– Renminbi Savings Account: ¥ 5,000
– Renminbi Term Deposits: ¥ 20,000
Potential higher interest rates on RMB Savings Accounts and Term Deposits as compared to USD and AED, giving you the opportunity to build savings in renminbi.
You can transfer money internationally online with up-to-the-minute and competitive currency exchange rates through Personal online banking. You can also transfer money instantly using our Global View and Global Transfers platform3
You can diversify your currency holdings and investment portfolio through renminbi-denominated Savings Accounts as well as Term Deposits that have flexible tenures and guaranteed returns.
When transferring money from an RMB account to another RMB account, you avoid foreign exchange and currency fluctuation costs.
HSBC, or the Hongkong and Shanghai Banking Corporation Limited, was established in 1865. For 148 years, we've had a continuous presence in mainland China, with the largest branch network among foreign banks. In fact, we've been connecting customers globally to renminbi opportunities in 40 countries and territories worldwide.