HSBC has been voted the best overall renminbi (RMB) products and services provider as voted by corporate and financial institutions across Asia Pacific in Asiamoney’s inaugural Offshore RMB Survey.
We received over 450 valid responses from companies, banks and investors for our debut study of the best service providers in this exciting new market space. The survey covered most areas of offshore RMB services, from bond origination to bank deposits and clearing and settlement.
Standard Chartered and Bank of China were respectively voted second and third for the best overall products and services for offshore RMB.
| Best overall products/services |
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| 2012 |
Firm |
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| 1 |
HSBC |
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| 2 |
Standard Chartered |
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| 3 |
Bank of China |
The three banks also performed consistently well in other categories, including: best clearance, transaction banking and settlement, best deposit, best bond origination, best derivatives, best research, and priority in using offshore RMB products/services as voted by potential offshore RMB services users.
Detailed rankings for these categories will be available online, at www.asiamoney.com, and in Asiamoney’s May RMB Supplement.
For further information regarding this survey and other polls, please contact Anthony Chan, head of research, on (852) 2912 8077 or at anthony.chan@asiamoney.com