Renminbi Services

Which HSBC branches are offering RMB services to local residents?

HSBC China has obtained confirmation from the China Banking Regulatory Commission (CBRC) to begin providing a wide range of RMB services to Chinese citizens. We are gradually rolling out Renminbi services to local residents in Beijing, Chengdu, Chongqing, Dalian, Dongguan, Guangzhou, Hangzhou, Hefei, Ningbo, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Taiyuan, Tianjin, Wuhan, Xiamen, Xi'an, Ji'nan, and Zhengzhou. With regulatory inspection and confirmation, branches in the above 21 cities have commenced Renminbi business to local residents.

With the expansion of branch / sub-branch network of HSBC Bank (China) Company Ltd, our RMB business franchise will also expand. For details, please contact one of our customer service representatives at 800-830-2880.

What services are offered to local residents?

We shall be focusing on providing the HSBC Premier service, which provides customers with one-to-one relationship banking and comprehensive services including deposits, loans, mortgages, phone banking, online banking and investment products. Upon regulatory approval, we will be rolling out more tailor-made retail banking products and services, including but not limited to RMB Investment Products, fund sales and insurance agency sales.

Can I use my personal chop instead of a signature to authorise RMB deposit account transactions?

Yes. According to local regulations, signatures, personal chops or signature-and-chop combinations are all valid for issuing cheques and authorising transactions.