Asiamoney Offshore RMB poll 2016

The best banks for RMB products by category
- by voted by current offshore RMB services users.


Best overall offshore RMB products/services

2016 2015 Firm %
1 1 HSBC 37.85%
2 2 Standard Chartered 16.59%
3 5 Bank of Tokyo-Mitsubishi UFJ 16.02%
4 - Bank of China (Hong Kong) 6.17%
5 4 Bank of China 3.40%
6 8 Mizuho 1.83%
7 9 DBS 1.70%
=8 3 Citi 1.46%
=8 6 Hang Seng 1.46%
10 7 ICBC 1.22%

Best for offshore RMB wealth management

2016 Firm     %
1 HSBC 35.71%
2 Standard Chartered 17.43%
3 Bank of Tokyo-Mitsubishi UFJ 16.16%
4 Bank of China (Hong Kong) 6.28%
5 Bank of China 3.89%
6 DBS 1.73%
7 Mizuho 1.66%
8 Citi 1.62%
9 Hang Seng 1.51%
10 Bank of Communications 1.27%

Best for offshore RMB bond origination

2016 2015 Firm   %
1 1 HSBC 35.08%
2 2 Standard Chartered 15.19%
3 5 Bank of Tokyo-Mitsubishi UFJ 14.69%
4  - Bank of China (Hong Kong) 7.22%
5 4 Bank of China 6.14%
6 8 ICBC 2.11%
7 3 Citi 1.73%
8 9 Mizuho 1.62%
9 7 China Construction Bank 1.48%
10 10 DBS 1.44%

Best for offshore RMB derivatives

2016 2015 Firm   %
1 1 HSBC 35.24%
2 2 Standard Chartered 17.02%
3 4 Bank of Tokyo-Mitsubishi UFJ 16.27%
4 - Bank of China (Hong Kong) 5.75%
5 5 Bank of China 3.69%
6 7 DBS 2.04%
7 10 Mizuho 1.82%
8 6 Hang Seng 1.57%
9 3 Citi 1.41%
10 8 ICBC 1.31%

Best for offshore RMB foreign exchange

2016 2015 Firm %
1 1 HSBC 34.85%
2 5 Bank of Tokyo-Mitsubishi UFJ 16.91%
3 2 Standard Chartered 15.62%
4 - Bank of China (Hong Kong) 6.51%
5 4 Bank of China 4.36%
6 8 Mizuho 2.28%
7 3 Citi 1.73%
8 9 DBS 1.62%
9 6 Hang Seng 1.60%
10 7 ICBC 1.52%

Best for offshore RMB fund investment

2016 2015 Firm %
1 1 HSBC 35.08%
2 2 Standard Chartered 16.78%
3 5 Bank of Tokyo-Mitsubishi UFJ 16.61%
4 - Bank of China (Hong Kong) 6.02%
5 4 Bank of China 4.16%
6 9 Mizuho 1.82%
7 7 Hang Seng 1.66%
8 3 Citi 1.62%
9 9 DBS 1.55%
10 6 ICBC 1.51%


Best for offshore RMB clearance, transaction banking and settlement

2016 2015 Firm %
1 1 HSBC 34.80%
2 5 Bank of Tokyo-Mitsubishi UFJ 15.79%
3 2 Standard Chartered 14.71%
4 - Bank of China (Hong Kong) 7.99%
5 3 Bank of China 5.59%
6 6 ICBC 2.03%
7 9 Mizuho 1.85%
8 4 Citi 1.76%
9 10 DBS 1.45%
10 7 Hang Seng 1.43%

Best for offshore RMB fund service (i.e. custodian and trust services)

2016 Firm %
1 HSBC 35.27%
2 Standard Chartered 16.91%
3 Bank of Tokyo-Mitsubishi UFJ 16.38%
4 Bank of China (Hong Kong) 6.51%
5 Bank of China 4.31%
6 Mizuho 1.64%
7 Hang Seng 1.62%
8 ICBC 1.56%
9 Citi 1.53%
10 DBS 1.36%


Best for offshore RMB liquidity management (e.g. deposits, cross-border concentration / pooling)

2016 2015 Firm %
1 1 HSBC 33.81%
2 5 Bank of Tokyo-Mitsubishi UFJ 16.67%
3 2 Standard Chartered 15.65%
4 - Bank of China (Hong Kong) 6.95%
5 4 Bank of China 4.48%
=6 9 Mizuho 1.74%
=6 6 ICBC 1.74%
8 10 DBS 1.65%
9 7 Hang Seng 1.49%
10 3 Citi 1.48%


Best for advice/information on offshore RMB regulations

2016 Firm %
1 HSBC 35.50%
2 Bank of Tokyo-Mitsubishi UFJ 17.17%
3 Standard Chartered 17.08%
4 Bank of China (Hong Kong) 5.76%
5 Bank of China 3.80%
6 Mizuho 1.96%
7 Citi 1.86%
8 DBS 1.66%
9 Hang Seng 1.37%
10 ICBC 1.27%

Best for offshore RMB research

2016 2015 Firm %
1 1 HSBC 36.22%
2 4 Bank of Tokyo-Mitsubishi UFJ 16.95%
3 2 Standard Chartered 16.72%
4 - Bank of China (Hong Kong) 5.28%
5 5 Bank of China 3.89%
6 3 Citi 2.02%
7 10 Mizuho 1.98%
8 8 DBS 1.51%
9 6 Hang Seng 1.22%
10 - SMBC 1.18%

About this poll's results

Questionnaire

More data

Best overall offshore RMB products/services

2016 2015 Firm %
1 1 HSBC 37.85%
2 2 Standard Chartered 16.59%
3 5 Bank of Tokyo-Mitsubishi UFJ 16.02%
4 - Bank of China (Hong Kong) 6.17%
5 4 Bank of China 3.40%
6 8 Mizuho 1.83%
7 9 DBS 1.70%
8 3 Citi 1.46%
8 6 Hang Seng 1.46%
10 7 ICBC 1.22%

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 CITIC Securities 43.01
2 Industrial and Commercial Bank of China (ICBC) 13.44
2 China Merchants Bank Co 13.44
2 Bank of China (BOC) 13.44
2 China CITIC Bank Corp 13.44

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Apr 2017
1 China International Capital Corp Ltd 5,979.41 23 8.62%
2 CITIC Securities 5,733.11 24 8.26%
3 Goldman Sachs 4,331.34 14 6.24%
4 China Securities Co Ltd 3,641.05 21 5.25%
5 UBS 3,599.31 16 5.19%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 May 2017
1 HSBC 17,293.86 96 9.52%
2 Citi 14,612.76 80 8.04%
3 JPMorgan 11,171.76 58 6.15%
4 Morgan Stanley 9,139.33 41 5.03%
5 Deutsche Bank 8,371.43 42 4.61%

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