Asiamoney Global RMB Poll 2019: Results

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View results of the Asiamoney Global RMB Poll 2019

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© 2019


Methodology

China’s push to internationalize its currency may have taken a back seat to domestic reform, but the renminbi continues to rise in importance among global corporations. Asiamoney’s eighth Global RMB Poll received responses from 2,039 different corporations, an increase of 8.6% from the previous year.

Not every corporation voted just once. The importance of renminbi services to treasurers, CFOs and other executives meant the total number of valid responses was 2,134 this year, compared with 2,026 in the previous year.

Respondents were asked to nominate their top three service providers in 16 different categories, including overall onshore RMB products and services (split between a general result and one limited to Chinese providers only) and overall offshore RMB products and services.

The following awards were given separate categories in the CNH and CNY markets: transaction banking and treasury management, derivatives, research and analysis, bond syndication, advisory, foreign exchange, and sales and solutions.

These results were then combined into the award for best overall global RMB products and services. 

Voters came from a wide range of countries, although perhaps unsurprisingly most were from Asia. Companies from China accounted for 32.03% of responses, from Hong Kong for 21.97%, Japan for 10.94%, Taiwan for 9.51% and Singapore for 4.36%. The poll also garnered responses from Australia, France, Germany, India, Indonesia, Korea, Malaysia, the US and the UK.

Overall results


Client satisfaction scores (offshore)


Client satisfaction scores (onshore)

Overall results

Best overall global RMB products/services
 (global)
20192018Firm%
11HSBC49.63%
22MUFG15.42%
33Bank of China8.20%
44Bank of China (Hong Kong)3.36%
5-ICBC2.75%
Top
Best overall offshore RMB products/services
 (offshore)
20192018Firm%
11HSBC50.85%
22MUFG14.36%
33Bank of China6.98%
44Bank of China (Hong Kong)4.10%
5-Citi2.31%
Top
Best overall onshore RMB products/services
(onshore - all providers)
20192018Firm%
11HSBC48.42%
22MUFG16.49%
33Bank of China9.43%
44ICBC3.44%
5-China Construction Bank2.67%
Top
Best overall onshore RMB products/services
(onshore - Chinese providers only)
20192018Firm%
11Bank of China42.23%
22ICBC15.42%
33China Construction Bank11.96%
44Agricultural Bank of China11.51%
55China Merchants Bank9.60%
Top

Client satisfaction scores (offshore)

Best CNH transaction banking and treasury management
(offshore)
2019FirmScore
1Citi1.788
2Standard Chartered1.457
3HSBC1.413
4MUFG0.946
5Hang Seng0.729
Top
Best CNH derivatives
(offshore)
2019FirmScore
1HSBC2.460
2MUFG1.226
3Agricultural Bank of China0.769
4Citi0.659
5BOC0.580
Top
Best CNH research and analysis
(offshore)
2019FirmScore
1HSBC2.016
2MUFG1.651
3Agricultural Bank of China0.779
4China Construction Bank0.779
5Mizuho0.746
Top
Best syndication of CNH bonds
(offshore)
2019FirmScore
1MUFG2.089
2HSBC1.482
3Agricultural Bank of China0.836
4Citi0.836
5Standard Chartered0.836
Top
Best advisory
(offshore)
2019FirmScore
1Mizuho2.035
2HSBC1.436
3MUFG1.270
4Citi0.942
5Agricultural Bank of China0.904
Top
Best in RMB foreign exchange
(offshore)
2019FirmScore
1HSBC1.409
2Hang Seng1.396
3Mizuho1.178
4MUFG1.027
5Bank of China (Hong Kong)1.018
Top
Best sales and solutions
(offshore)
2019FirmScore
1Mizuho2.872
2ICBC1.782
3MUFG1.429
4HSBC1.378
5Bank of China (Hong Kong)0.891
Top

Client satisfaction scores (onshore)

Best CNY transaction banking and treasury management
(onshore)
2019FirmScore
1Citi1.733
2MUFG1.602
3Agricultural Bank of China1.493
4HSBC1.346
5Mizuho1.059
Top
Best CNY derivatives
(onshore)
2019FirmScore
1MUFG3.061
2HSBC1.901
3Mizuho1.531
4Citi1.171
5Standard Chartered0.990
Top
Best CNY research and analysis
(onshore)
2019FirmScore
1MUFG1.908
2HSBC1.683
3Citi1.496
4ICBC0.898
5Mizuho0.765
Top
Best syndication of CNY bonds
(onshore)
2019FirmScore
1China Merchants Bank1.868
2MUFG1.798
3HSBC1.714
4Mizuho1.284
5Agricultural Bank of China1.109
Top
Best advisory
(onshore)
2019FirmScore
1Standard Chartered1.958
2HSBC1.654
3Citi1.585
4MUFG1.508
5China Merchants Bank0.964
Top
Best in RMB foreign exchange
(onshore)
2019FirmScore
1HSBC1.787
2Citi1.351
3MUFG1.240
4ICBC0.775
5Standard Chartered0.766
Top 
Best sales and solutions
(onshore)
2019FirmScore
1MUFG2.205
2Standard Chartered2.101
3HSBC1.698
4China Merchants Bank1.128
5Mizuho1.109
Top