Free Trial

Trade Finance - Financial Intelligence for Global Trade
You are here: Skip Navigation LinksHomeHSBC offers RMB services in UK
Trade Finance - Financial Intelligence Rss Trade Finance - Financial Intelligence on Linkedin
Trade Finance Magazine Copying and distributing are prohibited without permission of the publisher

HSBC offers RMB services in UK

27 June 2011

HSBC becomes first bank to offer RMB services for its UK customers.

Read more: HSBC renminbi services UK RMB RMB accounts UK HSBCnet

HSBC has unveiled a new service for UK customers to trade and make payments to mainland China in renminbi (RMB).

Through HSBCnet, the bank’s online banking platform, customers can open international RMB business accounts domiciled in the UK...

Related Articles

  1. GBI publishes new supply chain finance guide

  2. Trade Finance Awards Dinners 2012

  3. Deutsche Bank: Asia – commodity finance

  4. Trade Finance – May 2012

  5. Trade Finance – October 2011

Upcoming Events

Quote

There is a lot more financing activity coming from the trading companies, mining groups, and multinational corporations that have excess liquidity at their disposal. In many cases they are sitting on cash given high commodity prices, and can still attract banks loans – borrowing base facilities and revolvers continue to be renewed. This allows them to get more involved in direct trade financing on a prepayment or transactional basis. Essentially this is supply chain financing and their treasuries have become a lot more sophisticated.

News sources of trade liqudity find their place - March 2012


Follow us on Twitter


back to top
Change font size: Switch to default font size Switch to medium font size Switch to large font size

Home

Sectors

Regions

My account

About us

Site Links


All material subject to strictly enforced copyright laws. © 2012 Euromoney Institutional Investor PLC.