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    Renminbi internationalisation

    Unlocking global renminbi potential

    Empowering you to navigate and capture renminbi opportunities across markets.

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The rising relevance of the renminbi

As China deepens its integration with global markets, the renminbi (RMB) is becoming a key currency in trade, investment and reserve portfolios. There has been steady growth in the internationalisation of the renminbi since 2011, as captured by our Renminbi Globalisation Index (RGI).

The power of renminbi in action

Integrating RMB into your operations creates strategic advantages – from cost efficiencies to deeper access to China’s financial ecosystem. As the RMB plays a larger role in global trade and capital markets, we have the expertise to partner with you in navigating and capturing these opportunities – all underpinned by the ongoing momentum of RMB internationalisation.

Wealth Insights: China’s stock market lights up

RMB 101 guide

What RMB is – and why RMB internationalisation matters

Your guide to CNY (Onshore Yuan) and CNH (Offshore Yuan) markets, China’s Cross-Border InterBank Payment System (CIPS), key policies, and how corporates and FIs can cut FX risk and expand global market access.

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Featured article

What RMB internationalisation means for you in a new world order

Discover how RMB internationalisation is transforming global trade finance and why now is the time to diversify.

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Explore recent public deals that demonstrate how leading clients are leveraging RMB for cross-border growth and strategic financing.

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Standard Chartered among the first banks to offer RMB Business Facility (RBF)

We were granted quota under RBF to support our corporate clients’ RMB financing needs in Hong Kong and overseas via intragroup funding arrangement. This is in replacement of the existing RMB Trade Financing Liquidity Facility (TFLF), providing enhanced terms and extended scope of eligible financing activities. 

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We conducted our first offshore RMB repurchase using Northbound Bond Connect bonds as collateral

As a repo service for market makers, investors, and clients, we conducted our first RMB repo transactions in Hong Kong with financial institutional clients including CITIC Securities International Capital Management Co., Ltd., GF Global Capital Co., Ltd., and Dongwei Asset Management Pte. Ltd., using Bond Connect Northbound Bonds as collateral. This initiative supports the People’s Bank of China and the Hong Kong Monetary Authority in further improving the market-oriented arrangement for offshore RMB liquidity.

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Client success stories

Learn more about how we have supported clients on their journey.

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PSA International Pte Ltd

We acted as joint bookrunner in the client’s debut CNH public bond issuance and first public CNH 10-year deal by an ASEAN corporate.

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Airport Authority Hong Kong Multi-Currency

We acted as joint global coordinator, joint lead manager and joint bookrunner (B&D for HKD notes) in the client’s first ever 30 year public HKD bond issuance.

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Your trusted partner in RMB internationalisation

Combining our global reach, local expertise, and deep infrastructure connectivity, we help clients capture opportunities across the entire RMB value chain.

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    Global reach, local expertise

    With RMB capabilities in 35 markets and over 30 dedicated China corridor bankers, we deliver seamless RMB execution worldwide. Our global network and on-the-ground specialists enable consistent support, efficient liquidity management and access to RMB funding across borders.

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    Seamless cross-border corridors

    We facilitate RMB flows across seven key China corridors, linking trade and investment between China and major global markets. Our integrated network helps clients move capital efficiently, capture regional opportunities and strengthen connections as RMB internationalisation continues to expand.

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    Connectivity through CIPS

    As a leading participant in China’s Cross-Border Interbank Payment System (CIPS), we connect clients to China’s payment infrastructure with scale and reliability. Over 160 accounts have joined through Standard Chartered, reflecting our strength in RMB clearing and settlement capabilities.

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Manage your cash and trade flows with confidence

We have a full suite of RMB solutions to serve your needs in both the onshore and offshore RMB markets. Wherever your time zone and location, we can provide you with the cash management solutions you need and expertise you can rely on, from clearing and payments, FX, account management, liquidity management and cross-border cash pooling, sustainable finance and more, to the migration to ISO 20022 and understanding payment regulations.

Tap into our unique connectivity for your RMB payments – we are a direct participant in CIPS for cross-border RMB payments, and in clearing house automated transfer system (CHATS) for offshore-to-offshore payments.

We are also one of the most active CNH Primary Liquidity Providers appointed by the Hong Kong Monetary Authority to support the liquidity of the RMB in the offshore markets.

We can also settle your trade and finance your business in RMB, including using innovative solutions such as a blockchain-based, RMB-denominated letter of credit.

Hedge risks, invest smartly, and raise capital in RMB

Whether you’re managing FX exposure or seeking new funding opportunities, our full suite of RMB solutions helps you stay ahead.

From currency options and cross-currency swaps to bespoke hedging and funding strategies, we support your risk management in both onshore and offshore RMB markets. Our access means you get competitive rates and tailored execution.

For investors, we offer a wide range of RMB-denominated products, from structured investments to commodities and equity derivatives. And as China opens its capital markets, we’re helping clients raise RMB debt or structure synthetic RMB loans, even in markets where direct RMB access is limited.

Access China’s markets through trusted investment channels

Navigating China’s investment landscape takes more than access – it takes experience and insight.

Standard Chartered is a top-tier custodian with deep expertise and all key licenses to help you invest in China confidently. From qualified foreign investor (QFI) and China interbank bond market (CIBM) Direct to Bond Connect and Stock Connect schemes, we’ve consistently led the way as first-to-market across multiple access channels.

Whether you need standard investment pathways or bespoke solutions tailored to your China strategy, we act as your one-stop partner in an evolving market. Our track record and market advocacy are recognised by leading institutions including China foreign exchange trade system (CFETS), HKEX, Bond Connect Company Limited, and The Asset.

Recognised for renminbi excellence

At the 2025 The Asset Triple A Treasurise Awards, Standard Chartered was honoured across 21 markets and multiple solution areas, reaffirming our position as a leading RMB bank globally. These recognitions reflect our deep market expertise, innovation across use cases, and commitment to client success.

  • Best RMB bank – in 21 markets
  • Best RMB Bank – Trade Finance
  • Best RMB Bank – FX
  • Best RMB Bank – Liquidity Management
  • Best RMB Bank – E-CNY (digital RMB), Wholesale

Perspectives on renminbi

From macro trends to implementation guides – we offer strategic insight to support your RMB journey.

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Renminbi (RMB) disclaimer

RMB products and services disclaimer

RMB products denominated and settled in RMB deliverable outside the Mainland of China is different from that of RMB deliverable in the Mainland of China as RMB is currently not freely convertible.

The conversion of RMB through banks outside the Mainland of China is subject to certain restrictions in accordance with prevailing rules and regulations, which may change from time to time.

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    Transaction Banking

    We offer a full suite of cash management and trade finance solutions to connect businesses globally.

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    Global Markets

    We are a top-tier Fixed Income Currencies and Commodities (FICC) Bank offering innovative bespoke solutions backed by our incisive Global Research analysis.

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  • Global Banking

    We leverage our unique network capabilities to provide you with expertise in Mergers & Acquisition, Leveraged, Infrastructure, Fund, Transportation & Sustainable Finance solutions.

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Global reach, local expertise

Our cross-border RMB capabilities are enabled in 35 markets.

Greater China and North Asia

  • Hong Kong
  • Japan
  • Korea
  • Macau
  • Taiwan

ASEAN and South Asia

  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Brunei
  • India
  • Nepal
  • Sri Lanka
  • Bangladesh
  • Pakistan

Europe and Americas

  • United Kingdom
  • Germany
  • United States

Africa and Middle East

  • Qatar
  • United Arab Emirates
  • Iraq
  • Saudi Arabia
  • Kenya
  • Tanzania
  • Uganda
  • Botswana
  • Cote d’Ivoire
  • Ghana
  • Mauritius
  • Nigeria
  • South Africa
  • Zambia
  • Egypt
  • Bahrain
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Seamless cross-border corridors

We facilitate RMB flows across seven key China corridors, linking trade and investment between China and major global markets.

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