HSBC today announced the issuance of its first RMB cashier's order in Hong Kong on behalf of a local SME customer, Hung Fook Tong Holdings Limited, the largest herbal tea group in Hong Kong. The issuance of Hong Kong's first RMB cashier's order is consistent with HSBC's strategy of providing customers with a wider range of guaranteed RMB payment options.
Albert Chan, HSBC's Head of Commercial Banking Hong Kong, said, "The development of RMB investment products and increasing cross-border settlement in RMB in Hong Kong is gaining traction and remains an initiative fully supported by HSBC. As penetration of RMB products and increased trade settlement are likely to gather momentum, customers will demand increased options from banking partners. The availability of RMB Cashier's Order meets demand for RMB payment solutions that are both flexible and convenient."
Customers who are interested in purchasing an RMB cashier's order can make it through our HSBC branches or complete an application form online at www.hsbc.com.hk.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
