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Renminbi

HSBC's renminbi services helps you grasp investment opportunities in mainland China

Renminbi Services

As economic links between the Mainland and Macau continue to grow rapidly, HSBC has launched a comprehensive renminbi (RMB) financial management service to cater to your needs. Leveraging on our branch network in Macau and major cities in the Mainland, our service allows you to manage your wealth more easily, and enjoy financial advantages

Benefits and services

Deposits

  • Deposit renminbi directly into your renminbi account in HSBC Macau through our renminbi savings service, and withdraw renminbi from your account without hassle1
  • Renminbi time deposit service provides the choice of service that best suits your needs
  • Deposit or transfer renminbi at any HSBC branch in Macau

Exchange

  • Convert your renminbi to suit your needs

Remittances2

  • Set up standing instructions easily via any HSBC branch in Macau
  • Transfer up to RMB80,000 per day from your renminbi account with HSBC in Macau to your renminbi account under the same name in Mainland China3
  • No limit on renminbi remittance5 amount transferred from your renminbi account with HSBC in Macau to your renminbi account under the same name / property developer's supervision account of pre-sale / mortgage loan account in the Mainland for paying for property purchase price or mortgage repayment within the Greater Bay Area (GBA) cities4 in Mainland China
  • No limit on renminbi remittance amount to other countries / regions outside China.

Notes:

  1. Renminbi notes deposit and withdrawal service accepts renminbi notes with RMB50 denomination or above only.
  2. Renminbi remittances will be subject to the local regulation of the country / region you are remitting to. Renminbi remittances destined for Mainland China are only applicable to sole account(s), but this does not apply to the remittances for property purchase payment or mortgage repayment within the GBA cities in Mainland China.
  3. Customers' (who are Macau residents) daily amount of Renminbi remittances destined for Mainland China may be checked by the renminbi clearing bank. The account name of your beneficiary account in the Mainland must be identical with your renminbi savings account in HSBC Macau. Renminbi funds that have been remitted to your renminbi account under the same name in the Mainland and which have not been withdrawn may, after appropriate verification, be remitted back to your renminbi savings account under the same name in Macau. Conditions may apply including those specified by the bank concerned in the Mainland.
  4. The Greater Bay Area (GBA) cities in Mainland China comprise the nine municipalities of Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing in Guangdong Province.
  5. Renminbi remittance mentioned herein is only applicable to individual Macau residents who purchase newly built and second-hand residential properties or repay related mortgage within GBA cities in the Mainland. You may remit renminbi funds to your renminbi account under the same name in the Mainland or property developer's supervision account of pre-sale for paying for property purchase price (including deposit, security deposit, down payment, full payment, public maintenance fund, home purchase related taxes and liquidated damages, etc.), and provide the property address in the "Message to Beneficiary" field. You may also remit renminbi funds to your mortgage loan account in the Mainland, and commit that the related funds are used for mortgage repayment (including monthly repayment or early repayment). Renminbi remittances mentioned herein are not subject to the daily RMB remittance limit RMB80,000 and will be verified by beneficiary bank in the Mainland to ensure the funds are used for paying for related property purchase price or mortgage repayment. If the related remittances are not approved or real estate transaction fails, beneficiary bank in the Mainland will process the refund.

Important Information

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