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Foreign Exchange

HSBC tops Asiamoney’s inaugural Offshore RMB Survey 2012

HSBC has been voted the best overall renminbi (RMB) products and services provider, as voted by corporate and financial institutions across Asia Pacific in Asiamoney’s inaugural Offshore RMB Survey.

Asiamoney, a sister publication to EuromoneyFXNews, received more than 450 valid responses from companies, banks and investors for its debut study of the best service providers in the new market space. The survey covered most areas of offshore RMB services, from bond origination to bank deposits and clearing and settlement.

Standard Chartered and Bank of China were voted second and third, respectively, for the best overall products and services for offshore RMB.

 

The three banks also performed consistently well in other categories, including: best clearance, transaction banking and settlement; best deposit; best bond origination; best derivatives; best research and priority in using offshore RMB products/services, as voted by potential offshore RMB services users.

Detailed rankings for these categories will be available online, at www.asiamoney.com, and in Asiamoney’s May RMB supplement.

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