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Renminbi Savings Account

  Indicative Telegraphic Transfer rates as at 11 Oct 2008 05:37 HKT
AUD Buy 4.95650 Sell 5.03900 | CAD Buy 6.58050 Sell 6.65700 | EUR Buy 10.35200 Sell 10.46550 | INR Buy 0.15700 Sell 0.16400 | JPY Buy 0.07661 Sell 0.07758 | NZD Buy 4.56450 Sell 4.65850 | PHP Buy 0.16000 Sell 0.16500 | GBP Buy 13.17500 Sell 13.29500 | CNY Buy 1.12860 Sell 1.15070 | SGD Buy 5.20050 Sell 5.26600 | CHF Buy 6.78050 Sell 6.86950 | THB Buy 0.21700 Sell 0.23500 | USD Buy 7.74800 Sell 7.77900

Why is this account right for you?

  • Take advantage of the huge opportunities in the Hong Kong Special Administrative Region
  • Get access to our flexible and valuable Renminbi Time Deposit services
  • Get access to our Renminbi Exchange Service for easy conversion to HKD

Other benefits

  • Unlimited amount of Renminbi notes you can deposit with HSBC
  • BusinessVantage customers can use Renminbi deposits as collateral on a HKD overdraft facility
  • Time deposits are available for a minimum deposit amount of RMB10,000
  • Convert any amount of Renminbi cash to Hong Kong Dollars, without limitation

Other useful information and services

Notes:
1. Renminbi services are only applicable to merchants in retail sales, catering, accommodation or those engaged in the provision of transportation, communication, medical or education services.

Next steps

Doing Business in China

What if you expand your business to China?

  • Open an account in China
  • Remittances and payments
  • Trade services
  • Renminbi service
MORE DETAILS

Payments and Cash Management

Maximise your cash flow while minimising your effort

  • Enjoy greater convenience by paying your suppliers quickly and securely using the HSBC payments solutions
  • Enhance your cash flow by receiving customer payments on time every time
MORE DETAILS

The way to Smarter Banking

To help you make the most of your business opportunities, we have a range of convenient and professional banking channels to suit your needs.

  • Business Internet Banking
  • HSBCnet
  • Business Phonebanking
  • SME Centres
  • Self Service Banking
  • Commercial Transaction Centres
MORE DETAILS

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