Asiamoney Global RMB Poll 2019

Voting open now: 18 February – 29 March 2019

Asiamoney Global RMB Poll 2019

Voting open now: 18 February – 29 March 2019

Vote now

HSBC continues to be a leading international bank for RMB business for our clients. In 2018, we have:

  1. Maintained one of the largest RMB networks
    • Capabilities in over 50 markets
    • 1st bank with capability to settle RMB in six continents
  2. Maintained our lead in Dim Sum and Panda bond underwriting1
    • Ranked #1 in Dim Sum bond underwriting league table
    • Ranked #1 among foreign banks in the Panda bond underwriting league table
  3. Introduced market-leading RMB propositions for our corporate, institutional and retail clients
    • One of the first banks to offer RMB deposit capabilities for corporate clients in the United States
    • 1st custodian bank in China to support investors from Ireland and Japan to be the first RQFII investors in their home countries
    • Launched a new Exchange Traded Fund (ETF) on the China Europe International Exchange AG (CEINEX) that tracks the inclusion of China A-shares into MSCI index
    • 1st foreign bank to help a Chinese expat to remit income earned overseas back to mainland China in RMB
  4. Strengthened our global RMB infrastructure to better serve our clients
    • One of the first banks to join the Cross-border Interbank Payment System (CIPS) Phase 2 in Mar 2018, with an extended clearing window to cover business hours in Americas, Africa and Europe
    • 1st and only foreign bank to join the China Trade Finance Inter-bank Transaction Blockchain Platform, with transactions denominated in RMB
  5. Recognised by industry-leading awards
    • Voted 1st for Best Overall RMB Products and Services in 2018 for the seventh consecutive year in the Asiamoney Global RMB Poll
    • Best RMB Bank in Canada, Chile, Germany, Malaysia, South Korea, United Kingdom and United States and Best RMB Liquidity Management Bank in the Asset Triple A Treasury, Trade, Supply Chain and Risk Management Awards 2018
    • Voted the winner of the 2018 FX Week Best Bank for RMB award
    • Awarded one of the Best Participating Dealers on the first anniversary of Bond Connect in 2018
    • Best G3 bond house for Chinese issuers in the GlobalRMB China Capital Markets Awards 2018
    • Best RMB Manager in the Asia Asset Management 2018 awards

How HSBC supports our clients’ onshore and offshore RMB needs

Foreign Exchange

  • Among the first market makers for all 21 direct trading pairs with CNY2 and the only non-Chinese foreign bank market maker for Won-Yuan (CNY/KWR)
  • HSBC HK is one of offshore participants granted the CFETS direct membership with direct access to the onshore CNY market, enabling us to offer a wide range of CNY products, hedging solutions and investment tools to corporate clients and institutional investors

Liquidity and Cash Management

  • Leading the way in aiding Chinese enterprises to streamline and centralize offshore RMB settlements and liquidity via Corporate Treasury Centre (CTC) by setting up over 60 cross-border cash pools between Hong Kong and mainland China 
  • Among the first banks to support RMB payments when Faster Payment System (FPS) was launched in Hong Kong in Sept 2018. Payments are processed in real-time and take place 24 hours, 7 days a week and 365 days a year.

Fixed Income

  • 1st among foreign banks as primary dealer in onshore interbank government bond trading3
  • Among the first banks to be market makers under Bond Connect
  • Played key roles in supporting our clients in RMB bond issuance across multiple geographies and purposes.
    • Panda bond: We remain a leading foreign bank issuer for public sector bonds
      - Acted as Joint Lead Underwriter for (1) the Emirate of Sharjah’s inaugural RMB2bn 3-year Panda bond (Mar 2018) and (2) the Hungary government’s second RMB2bn 3-year Panda bond (Dec 2018)
    • Sustainable finance bond:
      (1) Acted as the Sole Arranger, Joint Lead Manager & Joint Bookrunner for Beijing Capital Group’s RMB630m & USD500m 3-year dual currency offshore RMB green bond, the first of its kind (Mar 2018) and (2) acted as a Sub-Underwriter and only foreign bank for Hang Lung Properties’ debut RMB1bn 3-year green Panda bond (Jul 2018)
    • Corporate issuances: Acted as Sole Bookrunner for Daimler’s RMB1bn 3-year offshore RMB bond issuance, which is the first European corporate to issue offshore RMB bond in 2018 (Mar 2018)

Equities

  • Among the first banks to offer trading services under the Shenzhen-Hong Kong Stock Connect and Shanghai-Hong Kong Stock Connect with integrated execution services provided to investors
  • Landmark Equity & FX packaged deal of USD450m executed with an asset manager in May 2018

Securities Services

  • The only RQFII custodian bank servicing 15 markets4 (out of 19) with an overall market share of 54% in RQFII custodian business5
  • No.1 among foreign banks in Overseas Institutional Investors (OIIs) market share in CIBM custodian services6

HSBC Qianhai Securities

  • First foreign bank to open a majority-owned joint venture securities company in mainland China in Dec 2017 that provides our Corporate, institutional and commercial banking clients in China and globally an universal banking platform including:
    • Investment Banking: Underwriting and sponsoring the issuance of domestic equities, including IPOs, and debt, including asset-backed securities; advising on corporate mergers and acquisitions
    • Securities Brokerage: Broking of listed securities on the Shanghai and Shenzhen Stock Exchanges
    • Equity Research: Publishing research reports related to A-shares in both English and Chinese simultaneously for distribution to clients globally, which is a market first

Investment Capabilities

  • Comprehensive investment offerings covering all asset classes for both onshore and offshore Chinese markets
  • HSBC’s first northbound fund under Mutual Recognition of Funds (MRF) scheme was approved by China Securities Regulatory Commission (CSRC) in Oct 2018
  • RMB insurance offerings in Hong Kong and RMB savings capabilities in other key RMB centres, including Singapore, Taiwan, Malaysia, Australia, United Kingdom and Canada

Research Capabilities

  • HSBC Global Research produced a broad range of RMB/China related publications in 2018. Their analysis of related currencies, economics, fixed Income and equities provided clients with in-depth insight and views to inform their business decisions
  • HSBC Qianhai Securities produced research reports focusing on 96 A-shares as of Dec 2018

Sources:

1 Source: Bloomberg, as of Dec 2018
2 Onshore CNY FX market-maker for 21 direct trading pairs with CNY including European euro (EUR), Japanese yen (JPY), Pound sterling (GBP), Australia dollar (AUD), New Zealand dollar (NZD), Singapore dollar (SGD), Swiss franc (CHF), Canadian dollar (CAD), South African rand (ZAR), South Korean won (KRW), UAE dirham (AED), Saudi Arabian riyal (SAR), Hungarian forint (HUF), Polish zloty (PLN), Danish krone (DKK), Swedish krona (SEK), Norwegian krone (NOK), Turkish lira (TRY), Mexican peso (MXN), Malaysian Ringgit (MYR) and Thai Baht (THB)
3 As of Dec2018. Source: www.chinabond.com.cn
4 Hong Kong, United Kingdom, Singapore, France, Korea, Germany, Australia, Switzerland, Canada, Thailand, Luxembourg, United States, Malaysia, Ireland, Japan
5 Source: China Securities Regulatory Commission website in terms of number of RQFII approved. State Administration of Foreign Exchange website in terms of RQFII quota approved. Data as of Dec 2018
6 Source: PBOC. Data as of Dec 2018

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