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Asiamoney Global RMB Poll 2020: Results

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Asiamoney has once again polled corporations, financial institutions and investors to identify the best service providers in the renminbi market.

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© 2020

Methodology
Asiamoney’s ninth Global RMB poll got responses from 1,682 institutions, showing the importance of the market even as China’s government shifts its focus to other policy priorities, particularly responding to trade threats from the US and steering the economy through the impact of the coronavirus.

The poll generated responses from around the world. The greatest number of responses unsurprisingly came from China, which represented 48.68% of the voting pool. Hong Kong accounted for 17.39% of total responses, Taiwan for 6.08%, the US for 4.71%, Japan for 4.08% and Singapore for 3.5%.

There were also votes from Australia, France, Germany, India, Indonesia, Korea, Malaysia, the UK and elsewhere.

Respondents were asked to nominate their top three services providers for RMB products and services in both the onshore and offshore markets. They were also asked to nominate their favoured service provider in a number of categories, including advisory, foreign exchange, transaction banking and bond syndication. 



Overall results


Client satisfaction scores (offshore)


Client satisfaction scores (onshore)

Overall results

Best overall global RMB products/services
(global)
20202019Firm%
11HSBC55.69%
23Bank of China8.67%
32MUFG7.52%
44Bank of China (Hong Kong)3.35%
55ICBC3.19%
Top

Best overall offshore RMB products/services
(offshore)
20202019Firm%
11HSBC54.31%
22MUFG9.87%
33Bank of China7.48%
44Bank of China (Hong Kong)4.57%
5-ICBC2.53%
Top

Best overall onshore RMB products/services
(onshore - all providers)
20202019Firm%
11HSBC57.06%
23Bank of China9.85%
32MUFG5.16%
44ICBC3.84%
5-China Merchants Bank3.61%
Top

Best overall onshore RMB products/services
(onshore - Chinese providers only)
20202019Firm%
11Bank of China39.30%
22ICBC15.33%
35China Merchants Bank14.38%
43China Construction Bank10.40%
54Agricultural Bank of China9.86%
Top

Client satisfaction scores (offshore)


Best CNH transaction banking and treasury management
(offshore)
2020FirmScore
1HSBC1.747
2MUFG1.683
3Standard Chartered1.203
4Mizuho0.963
5Bank of China0.952
Top

Best CNH derivatives
(offshore)
2020FirmScore
1HSBC1.722
2Citi1.318
3MUFG1.282
4Agricultural Bank of China1.219
5Mizuho1.068
Top

Best CNH research and analysis
(offshore)
2020FirmScore
1Standard Chartered1.953
2HSBC1.601
3MUFG1.410
4Agricultural Bank of China1.283
5Citi1.250
Top

Best syndication of CNH bonds
(offshore)
2020FirmScore
1HSBC1.803
2Bank of China1.110
3China Merchants Bank1.096
4Standard Chartered0.999
5MUFG0.981
Top

Best advisory
(offshore)
2020FirmScore
1MUFG1.894
2Citi1.802
3Standard Chartered1.736
4HSBC1.057
5Mizuho1.057
Top

Best in RMB foreign exchange
(offshore)
2020FirmScore
1Citi1.813
2HSBC1.608
3MUFG1.452
4Bank of China1.112
5Agricultural Bank of China0.964
Top

Best sales and solutions
(offshore)
2020FirmScore
1HSBC1.720
2MUFG1.514
3Standard Chartered1.251
4ICBC1.215
5Citi1.197
Top

Client satisfaction scores (onshore)


Best CNY transaction banking and treasury management
(onshore)
2020FirmScore
1HSBC1.798
2Standard Chartered1.408
3China Construction Bank1.292
4Agricultural Bank of China1.154
5MUFG0.973
Top

Best CNY derivatives
(onshore)
2020FirmScore
1HSBC1.825
2China Construction Bank1.219
3Bank of China1.118
4MUFG0.974
5Standard Chartered0.866
Top

Best CNY research and analysis
(onshore)
2020FirmScore
1HSBC1.915
2MUFG1.338
3Agricultural Bank of China0.902
4Mizuho0.867
5Standard Chartered0.843
Top

Best syndication of CNY bonds
(onshore)
2020FirmScore
1HSBC1.805
2Standard Chartered1.510
3MUFG1.372
4China Merchants Bank1.372
5Mizuho1.308
Top

Best advisory
(onshore)
2020FirmScore
1HSBC1.697
2Standard Chartered1.535
3MUFG1.310
4China Merchants Bank1.245
5China Construction Bank1.172
Top

Best in RMB foreign exchange
(onshore)
2020FirmScore
1MUFG1.604
2HSBC1.584
3China Construction Bank1.237
4Bank of China1.205
5China Merchants Bank1.148
Top

Best sales and solutions
(onshore)
2020FirmScore
1MUFG1.646
2HSBC1.636
3China Construction Bank1.319
4China Merchants Bank0.939
5Standard Chartered0.935
Top