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 Bank of China (BOC) 18.01
2 Everbright Securities 16.95
3 Agricultural Bank of China (ABC) 10.59
4 HSBC 6.99
5 Industrial and Commercial Bank of China (ICBC) 6.36

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jan 2017
1 Haitong Securities Ltd 1,602.34 9 13.94%
2 CITIC Securities 1,474.17 4 12.82%
3 China Securities Co Ltd 1,440.03 7 12.53%
4 Bank of China 1,188.86 5 10.34%
5 Guotai Junan Securities Co Ltd 689.79 3 6.00%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jan 2017
1 Citi 2,440.79 8 6.09%
2 HSBC 1,887.35 9 4.71%
3 JPMorgan 1,754.71 7 4.38%
4 Goldman Sachs 1,692.30 4 4.22%
5 Morgan Stanley 1,418.69 3 3.54%

Asian polls & awards

  • China Private Banking Awards 2017

    China’s private banking industry is growing in leaps and bounds. High- and ultra-high-net-worth mainland customers are increasingly mobile, demanding best-in-class service from their financial providers. Banks are adapting to the changing world, rolling out innovative and sophisticated services to their high-end clientele. In recognition of China’s advances in the field, Asiamoney is proud to announce the winners of its awards for best mainland private banks for 2016.

  • Corporate Governance Poll 2016: Time to get serious

    Asia has taken its time in improving corporate governance standards, with experts agreeing on the need for broader action. But Taiwan and Hong Kong firms seem to be moving in the right direction, as shown in the results of this year's Asiamoney Corporate Governance poll. Paolo Danese reports.

  • Best Managed Company Awards 2016: Asia’s finest stand out

    Asiamoney is pleased to present its choices for Asia’s Best Managed Companies in 2016. In a year marked by political and economic upheaval, the region’s best firms and executives impressed on through a combination of factors including financial performance, innovation and strategic execution.

  • Brokers Poll 2016: The right call

    Analysts in Asia are used to dealing with dynamic and unpredictable markets but the events of this year provided a real test of mettle. Against a backdrop of global political upheaval and worsening economic outlook at home, the winners of Asiamoney’s 2016 Brokers Poll have proved they have what it takes to impress their clients.

  • Brokers Poll 2016: HSBC and CLSA take the crown as Asia’s best

    Asia’s brokerages have needed to stay nimble in the face of volatile markets and changing regulation that has tested their industry. HSBC and CLSA are well placed to meet the challenge after coming out top in the Asiamoney Brokers Poll. Peter McGill reports.