	Import

	Export

	Open Account Trading Financing

	RMB Trade Settlement Services

	Other Trade Services

Hang Seng RMB Trade Settlement Services

Provide a more extensive clearing network to support your cross-border trade

Hang Seng provides you with one-stop Renminbi Trade Settlement Services, which can support your cross-border trade between Mainland China and Hong Kong with a more extensive clearing network, so that you can avoid exchange rate risks, reduce your transaction costs and increase your market competitive edge.

Benefits

A more extensive clearing network

Cover clearing banks in Hong Kong and the Mainland to support your cross-border trade development.

Avoiding exchange rate risk and reducing transaction cost

Due to rapid growth of trade transactions with Mainland counterparts which are mainly denominated in RMB, you can reduce transaction cost and exchange rate risk by RMB trade settlement.

More accurate in price setting

You can avoid uncertainty caused by fluctuation in exchange rate in cost calculation and price setting.

RMB Trade Settlement Services

RMB Trade Settlement Account

You could manage your trade settlement by an RMB trade settlement account. The account can be opened within 24 hours upon receipt of your application, required documents and approval of the application.

RMB Trade Services & Finance

A comprehensive suite of trade services at your fingertips, which includes
	Documentary Credit (DC) issuance & advising
	Import & export trade finance and collection bills

RMB Trade Remittance

You can take advantage of our remittance services to transfer funds to Mainland cities to settle open account trade.

RMB Exchange

You can enjoy exchange rate flexibility by choosing to settle your trade transactions with counterparts in RMB, HKD, USD or other foreign currencies when paying to your counterparts.

RMB Bond Subscription

Your deposit in the RMB trade settlement account can also be used for subscribing RMB bonds issued in Hong Kong.

Notes:
1.	Company customers who are conducting or will conduct trade with Mainland designated enterprises (”MDEs”) and fulfill the related account opening requirements are allowed to open an Renminbi Trade Settlement Account. Company customers are required to maintain a Trade Account with Hang Seng Bank Limited (”the Bank”) before opening the Renminbi Trade Settlement Account with the Bank.
2.	The terms and conditions, specifications and information applicable to the Renminbi Trade Settlement Account and Renminbi Trade Settlement Services (including the service fees and charges) are to be determined and may be amended by the Bank at any time and from time to time according to the Bank’s agreement with the clearing bank in Hong Kong or domestic agent bank and all laws, regulations, orders or guidelines applicable from time to time (”applicable regulations”). Such notice may be given by display, advertisement, or other means as the Bank thinks fit.
3.	The Bank has the right to report all or any transactions and information relating to the company customers, the Renminbi Trade Settlement Account and Renminbi Trade Settlement Services to the relevant authorities as required by the Bank’s agreement with the clearing bank in Hong Kong or domestic agent bank and the applicable regulations.
4.	Renminbi can also be described as CNY or RMB in any documentation where appropriate with meaning unchanged. • All the information set out in this document is provided to the best of the Bank’s knowledge and understanding of the relevant laws, rules, regulations, directions and guidelines governing or otherwise applicable to the Renminbi Trade Settlement Account and/or Renminbi Trade Settlement Services. Please refer to any updates that shall be published or issued by the Bank at any time and from time to time and any latest guidelines issued by the regulatory authorities. Please also visit the Bank’s branches or contact the staff of the Bank for the most updated information on the above.

Enquiry :

- Call the Trade Services Hotline: (852) 2198 8888

- Email us