Press Release
30 June 2020

HSBC tops Asiamoney RMB Pollfor the ninth year in a row
Corporates and investors around the world have voted HSBC the best overallbank in the Asiamoney Global RMB Poll 2020, reflecting the bank’s continued
success in helping clients capture opportunities from the development of theRenminbi (RMB) as an international trade, investment and reserve currency,
amid challenges posed by the COVID-19 pandemic.
HSBC has ranked #1 for overall RMB services in all nine Asiamoney RMB
Polls since it launched in 2012. Success in both the onshore and offshore
categories of this year’s poll demonstrates HSBC’s strength in RMB businessin mainland China as well as its leadership in the internationalisation of theRMB.
“Over the past year our teams have stayed close to regulatory developments
and our clients’ needs in RMB business, which enabled us to grasp every
opportunity to pioneer market firsts. This has affirmed our status as a leadingbank in the internationalisation of the Chinese currency,” said Justin Chan,
Head of Greater China, Global Markets, HSBC.
“We are delighted to have ranked #1 for nine years in a row and I would liketo thank all our clients for their confidence in HSBC’s ability to meet theirneeds with the RMB despite challenging times,” added Chan.
As a longstanding champion of RMB internationalisation, HSBC is the leadinginternational bank for the Chinese currency with RMB trade settlement
capabilities across 50 markets globally, and has been at the forefront of theevolution of the currency since China introduced a pilot scheme for RMB
cross-border trade settlement in July 2009.
More recently, to support the recovery from the COVID-19 pandemic, thebank issued Certificates of Deposit (CD) worth RMB1 billion in China’s
interbank market, with the funds being used to support the financing needs ofcompanies involved in epidemic control and prevention, and those providing
daily necessities. HSBC was one of the first foreign banks to issue CDs forthis purpose in China.

This news release is issued by

The Hongkong and Shanghai Banking
Corporation Limited

Registered Office and Head Office:1 Queen’s Road Central, Hong Kong SAR
Web: www.hsbc.com.hk
Incorporated in the Hong Kong SAR with limited liability

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Notes to editor:
HSBC ranked first in the Asiamoney RMB Poll 2020 in the following
categories:
Overall Rankings
 Best overall global RMB products/services
 Best overall offshore RMB products/services
 Best overall onshore RMB products/services (all providers)Customer Satisfaction Rankings (Offshore) Best CNH transaction banking and treasury management
 Best CNH derivatives
 Best syndication of CNH bonds
 Best sales and solutions
Customer Satisfaction Rankings (Onshore) Best CNY transaction banking and treasury management
 Best CNY derivatives
 Best CNY research and analysis
 Best syndication of CNY bonds Best advisory
More about the award:
https://www.euromoney.com/article/b1lhq3hzt38qyc/asiamoney-global-rmbpoll-2020-results
Note to editors:
HSBC Holdings plc
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves
customers worldwide from offices in 64 countries and territories in its geographical regions:
Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of
US$2,918bn at 31 March 2020, HSBC is one of the world’s largest banking and financial servicesorganisations.

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