With the progress of its internationalization gaining pace, the RMB has become one of the major settlement currencies for international trade. In the world of trade, every minute counts. To help you seize hold of every business opportunity, we have introduced the brand-new RMB Global Remit-Express. Through the most straightforward route, your RMB remittances will quickly reach designated banks1 in mainland China or overseas.

Outward Remittances - Benefits

Speedy Remittances via Direct Routes to Mainland China or Overseas

By way of our brand-new RMB Global Remit-Express, as a commercial customer, you can remit funds via a direct route, through Hang Seng Group and the Cross-Border Interbank Payment System (“CIPS”), to designated banks1 in mainland China or overseas. Without involving a clearing bank, your remittances can be handled as speedily and without hassles as bank transfers. By accelerating your cash flows, your business can be empowered with a stronger competitive edge.

  • For outward remittances to Hang Seng Bank (China), your applications will be processed in minutes and the beneficiary accounts will be credited within 3 hours2



  • For outward remittances to other beneficiary banks in mainland China or overseas1, if your applications are submitted before the applicable cut-off times of the Bank and fulfill the conditions for straight-through processing, your funds will be passed on the same day to CIPS, which will transfer the same to the beneficiary banks3



 

Extended Cut-off Times to Suit Your Business Pace

Apart from submitting your remittance applications to any of the Hang Seng branches across Hong Kong, you can also get it done around the clock via Hang Seng Business e-Banking or Hang Seng HSBCnet. On top of these convenient channels, RMB Global Remit-Express also stands out with extended cut-off times, helping you to harness every opportunity.

RMB Remittance Application Channel

Cut-off Time (Monday - Friday)^

Hang Seng Bank (Hong Kong) branches

15:45

Hang Seng Business e-Banking

17:454

Hang Seng HSBCnet


^excluding public holidays

 

Universally Accepted SWIFT BIC Code Is Also Supported

In addition to Chinese characters, our system also supports the universally accepted SWIFT BIC Code to ensure more accurate and fail-proof processing of your RMB remittances to mainland or overseas beneficiary banks.

 

Better Deals to Reduce Your Operating Costs

From 1 July 2019 to 31 December 20196, your outward remittances performed via Hang Seng Business e-Banking or Hang Seng HSBCnet can enjoy preferential handling fee and a waiver of the surcharge for applications in Chinese, helping you to reduce your operating costs.

Remitter Account

Beneficiary Account

Preferential Handling Fee6 (per transaction)

Hang Seng Bank
(Hong Kong)

Bank account with Hang Seng Bank (China)

HKD85 55% off

Bank account with any other bank in mainland China or
overseas (if via Hang Seng Bank (China))

HKD85 61% off

Others

HKD115 48% off


Additional Offer

Surcharge of applications in Chinese

Waived Saving HKD150

Inward Remittances - Benefits

Same Day Credit

For remittance applications submitted to Hang Seng Bank (China) and forwarded to Hang Seng Bank (Hong Kong) before 4:00 pm, the remittance proceeds will be credited to the beneficiary accounts on the same day5. With funds more readily available, you can enjoy greater financial flexibility.


To use your account with Hang Seng Bank (Hong Kong) as the beneficiary account for inward remittances, simply provide the following information to the remitter:

  • The name and number of your account with Hang Seng Bank (Hong Kong)
  • Bank Name: Hang Seng Bank Limited
  • Bank Address: No. 83, Des Voeux Road Central, Hong Kong
  • SWIFT BIC Code: HASEHKHH

 

Handling Fee Waivers

From 1 July 2019 to 31 December 20196, inward remittances from Hang Seng Bank (China) to Hang Seng Bank (Hong Kong) are entitled to handling fee waivers.

Beneficiary Account

Remitter Account

Preferential Handling Fee6 (per transaction)

Hang Seng Bank
(Hong Kong)

Bank account with Hang Seng Bank (China)

Waived Saving HKD65

Bank account with any other bank in mainland China or
overseas (if via Hang Seng Bank (China))

Waived Saving HKD65

 

To assign Hang Seng Bank (China) as the correspondent bank (where the remitter account is maintained with any other bank in mainland China or overseas), the details of the correspondent bank should be filled out as follows:

  • Bank Name: Hang Seng Bank (China) Limited
  • SWIFT BIC Code:HASECNSHXXX