Cookies on the Investment International website
We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on this website. However, if you would like to, you can change your cookie settings at any time.
Continue

New to Investment International?

Welcome, and thank you for visiting our website.

Investment International is the leading publication for investors interested in the world of international investment.

Our aim is to give you intelligent commentary on the most important financial stories, and help you to profit from them. If you've enjoyed what you've read so far why not sign up for our FREE investment alert.

Every week the Investment International team sends out a hard-hitting newsletter packed with news and analysis of the top stories this week plus the best investment opportunities on the market. We always look at the bigger picture like the Eurozone Crisis, and explain how this will affect YOUR investments.


Ask me later
No thanks

HSBC Expat launches Chinese Offshore Renminbi PDF Print E-mail
News - Latest
Tuesday, 03 July 2012 09:29
HSBC Expat has introduced the Chinese Renminbi as a currency option across deposits, foreign exchange products and services for its customers.

HSBC is the first bank within the Channel Islands to offer the Renminbi, marking another milestone for HSBC Group which is the largest foreign bank in China and acknowledged market leader in Chinese Offshore Renminbi products.

The Renminbi is fast-becoming a significant global currency. Recognising the huge potential of the Chinese currency, customers of HSBC Expat can now hold Renminbi as part of their portfolio diversification.

HSBC Expat predicts that initial interest will either come from investors who seek to diversify their holdings of foreign currency or those with a natural requirement for Renminbi.

HSBC Expat chief executive officer, Nick Winsor, said: “The Renminbi is set to become a major international currency; recently we have seen the RMB rise against more established currencies such as the dollar and the euro.

“This move allows HSBC Expat customers to benefit from the huge potential the currency offers.”

The Renminbi is the eighteenth currency now available with an HSBC Expat account with others due to be launched in the near future.
 

Most Read

Latest Guides

New Build UK Student Investment
New Build UK Student Investment
Download

UK Airport Car Park Investment
UK Airport Car Park Investment
Download

UK Airport Car Park Investment
Hever Hotel
Download

Holiday Home Rental Guide
Holiday Home Rental
Download

Investing in Buy-to-let
Investing in buy-to-let
Download

Investing in buy-to-let
Investing in buy-to-let
Download

Discover the real power behind your pension
Hever Hotel
Download

Self Invested Personal Pension Guide for UK Expatriates
key
Download

Offshore Banking Guide
Offshore banking Guide 2010-2011
Download
Pension Planning Guide
International Pension Planning Guide 2010-2011
Download
Eurozone Crisis
Eurozone Crisis Report 2010-2011
Download
Tax Guide
International Tax Guide 2010-2011
Download
Follow us on Twitter
Find us on Facebook