We are dedicated to satisfying your financial needs by providing you with our range of banking solutions for small businesses. We have carefully selected the insurance products and services provided by our global strategic partner, AXA Tianping P&C Insurance Co. Ltd., to assist with the development of your business.
Yes, we provide a range of services across our branches. This includes RMB cash withdrawals and deposits*, document submissions, statement requests and certificate of balance services.
*RMB cash withdrawals are for HSBC Fusion basic accounts only.
Check the latest rates on our renminbi deposit rates page.
A total relationship balance (TRB) is the total balance of all your accounts with us, including deposits, foreign currencies and personal accounts. If you have connected several personal accounts, the one with the highest balance will be included in the TRB calculation.
If you're an existing HSBC customer, you can open a foreign currency account and a renminbi account at any of our China branches.
To open an offshore account, you must submit the relevant documents to meet the regulatory requirements in mainland China and be able to prove that the purpose of opening an account is based on real business needs.
You can access and manage your account by logging on to HSBCnet or HSBCnet Mobile Banking.
We offer renminbi local transfers and cross border remittances, and foreign currency local transfers and overseas remittances.
Charges will vary according to the type of remittance required. For details, refer to our fees and charges (for business customers) or contact us directly at +86 400-820-1177.
We offer cash deposits and withdrawals, remittances, exchange settlements, foreign currency trading and rate enquiry services for your saving accounts, call deposits and time deposits. Available currencies include: USD, HKD, JPY, EUR, AUD, CAD, GBP and SGD.
Visit the exchange rates page for the latest market rates.
First understand your financial needs, investment objectives, financial situation and risk appetite, and then consider your goals, investment period, affordable investment amount and personal investment preferences.
Our structured investment products are a combination of fixed income products and currency options that offer you the flexibility of choice based on your investment desires. With structured investments, you can buy 2 underlying investments - one to protect your capital and another to provide the return. The potential return you get depends on market movements.
We offer 2 types of structured products related to foreign currency investment: Dual Currency Investment (DCI) and Enhanced Yield Investment (EYI), which is 100% capital protected at maturity. We'll from time to time release new foreign currency investment products for you to choose from.
Major risks include:
Money has a tendency to lose its value over time because the price of goods and services has an upward tendency. This is called inflation. Here are some factors that could eat away your money:
AXATP insurance for small businesses is suitable for offices, shops, restaurants and light manufacturing industries. AXA International Exclusive Group Medical Insurance Plan can be offered to 3 or more employees as a group. AXATP reserves the right to make the final decision on whether or not to underwrite the policy.
The above insurance product information is for reference only. For detailed information regarding the product and actual coverage, please refer to official product documentation.
Property All Risks Insurance, Public Liability Insurance and Employer Liability Insurance are standalone policies. Business Interruption Insurance and Money Insurance are add-on policies and can only be added onto Property All Risks Insurance, as supplement insurance coverage.
This product covers financial loss due to physical damage from natural disasters and accidents.
Property All Risks Insurance covers the building structure, furniture, decoration, equipment, electronic equipment, and appliances, etc. However, items such as antiques, artwork, clocks, jewellery, calligraphy and painting, and motor vehicles are not covered.
AXA Tianping Property & Casualty Insurance Company Limited, or AXATP, was established in a merger between Tianping Auto Insurance Company Limited, the first auto-insurance-specialised company in China, and the wholly-owned subsidiary of global insurance group AXA in China. AXATP, with a registered capital of RMD846 million, is headquartered in Shanghai's Lu Jiazui financial area. The company offers a variety of insurance products, including compulsory motor vehicle and traffic accident liability insurance, commercial motor vehicle insurance, SME general insurance, home insurance, cargo insurance, liability insurance, short-term accident insurance and health insurance, etc.
AXATP provides HSBC Fusion customers with insurance solutions such as AXA International Exclusive Group Medical Insurance Plan, Property All Risks Insurance, Business Interruption Insurance, Loss of Money Coverage, Public Liability Insurance and Employer's Liability Insurance.
All the insurance products on this page are distributed and managed by AXATP. HSBC China, as the insurance agent for distribution, is not responsible for the product investment, redemption and risk management.
You can apply for the HSBC Revolving Working Capital Loan for small businesses if your business meets the following requirements:
All loan applications are subject to our credit assessment approval process.
We accept a variety of assets to guarantee your loan, such as real estate, savings deposits, or pre-approved company guarantee letters.
The loan is for small businesses to expand their operations by acquiring self-use commercial or industrial properties, or by purchasing new machinery.
You're welcome to apply for a small businesses loan regardless of you being an existing customer or not, but you'll need an HSBC account to receive the loan disbursement. Please make sure you have an RMB general account with HSBC before the loan is approved.
The line of credit depends on the type of collateral you provide us. If you use real estate as your collateral, our loan amount ranges from RMB700,000 to RMB5 million. If you use cash deposits or a pre-approved company guarantee letter, our loan amount ranges from RMB100,000 to RMB5 million. We will look at your actual loan needs and repayment abilities when we decide on the final line of credit.
All loan applications are subject to credit assessment approvals.
We provide Working Capital Revolving Loans, Working Capital Term Loans and Fixed Asset Loans. You'll need to consider the following when choosing a loan product:
Yes, but you may be charged a penalty fee for paying off the loan early. Contact our HSBC Fusion customer relationship manager for more information.
No, anyone can follow the HSBC China Small Business Service Account to get the latest market insights, policy information, product services and professional opinions. If you're an existing customer, you can follow the HSBC China Small Business WeChat Service Account and then link your business account for enquiries, transaction authorisation and other services.
You can access HSBC Fusion account online application form through our public website or our WeChat account, then simply complete the online application form and upload the required documents. We will take care of the rest. Once your application has been successfully submitted, our onboarding manager will be in touch to discuss your application and arrange a branch visit for you. We aim to get your account setup on the same day as your branch visit.
Any person who is authorised to open an account on behalf of your company can apply online.
Before submitting the online application, you will be required to upload the company registration certificates, Memorandum and Articles of Association, Organization Chart, Identities and a number of other documents, so that we can pre-approve your onboarding application. We recommend you prepare such documents prior to starting the online application journey. You will be contacted by our onboarding manager after you pass the onboarding pre-approval process.
Once you have submitted your application and documents, we will contact you within 2 working days to arrange your branch appointment. We aim to get your account setup on the same day as your branch visit.
Please refer to our service fees and tariffsservice fees and tariffs New window for further information.
We integrate corporate banking and retail banking for small enterprises and their owners. We provide intimate and efficient products and services through a one-to-one relationship management service. We also help small enterprises and their owners by offering benefits and discounts in different aspects such as administration fees and financing rates.
Yes, your application will automatically save after 3 minutes and you can also manually save your application at any time. To return to your application, click 'Apply online' on the HSBC Fusion website or WeChat homepage, then enter the mobile number you registered with to receive a one-time-password. You will be taken back to the last saved page.
Yes, we have internet banking available for business accounts. For more information, you may contact your onboarding manager/relationship manager.
These FAQs are intended to provide an overview of issues related to financial products or services, or regulatory requirements faced when undertaking financial activity in mainland China. Due to the diversity and complexity of financial products/services and the local regulatory environment, these FAQs can only provide an outline of those issues. The information is provided for your reference only, and should not be considered legal, financial or any other professional advice. We make no guarantee, representation or warranty and accepts no responsibility for the accuracy updatedness and/or completeness of the information.
Latest update in March 2017.