Renminbi Accounts

Product features

• HSBC offers four classes of Renminbi accounts: basic accounts, general accounts, special accounts and   temporary accounts

• Accounts are interest-bearing, with interest paid quarterly

• Cheque books can be issued on all classes of accounts

• Available throughout HSBC’s branch network (except for our Chongqing, Chengdu, Hangzhou and Suzhou
  branches) – one of the largest of any foreign bank in mainland China (please note that Renminbi accounts are
  not available to businesses domiciled outside of mainland China)

Basic accounts

• Renminbi basic accounts can be used for Renminbi collections and payments, and cash withdrawals

• Only one Renminbi basic account can be opened by a company

• Salaries and bonus payments can only be paid from the basic account

General accounts

• Renminbi general accounts can be used for Renminbi collections and payments, but cash withdrawals are
  not permitted

• A company can open any number of general accounts

Product benefits

• Renminbi accounts are available as current accounts, savings accounts, loan accounts and accounts for
  settling payments

• As interest-bearing accounts, your money grows even as you have instant access to your funds

• Payments can be made from your Renminbi accounts through any of HSBC’s payment channels

• Your Renminbi accounts can be managed online or through our phonebanking service, bringing you 24-hour
  convenience and unhindered access to your business’s finances

If you would like to explore in more detail the availability of Renminbi accounts in China, why not take a look at our FAQs?

Would you like to apply for a Renminbi account, or to discuss this with us in person? Please click on the button below if you would like us to contact you to make an appointment at a time and place that suits you.

Account opening forms and documentation can also be found by clicking here.