The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney is part of the Euromoney Institutional Investor PLC
Awards

Asiamoney Global RMB Poll 2019: Results

The renminbi's internationalisation may have taken a back seat for now, but its importance continues to rise among global corporations.

 GRMB_19_Web
 © 2019
 
 

 Methodology

China’s push to internationalize its currency may have taken a back seat to domestic reform, but the renminbi continues to rise in importance among global corporations. Asiamoney’s eighth Global RMB Poll received responses from 2,039 different corporations, an increase of 8.6% from the previous year.

Not every corporation voted just once. The importance of renminbi services to treasurers, CFOs and other executives meant the total number of valid responses was 2,134 this year, compared with 2,026 in the previous year.

Respondents were asked to nominate their top three service providers in 16 different categories, including overall onshore RMB products and services (split between a general result and one limited to Chinese providers only) and overall offshore RMB products and services.

The following awards were given separate categories in the CNH and CNY markets: transaction banking and treasury management, derivatives, research and analysis, bond syndication, advisory, foreign exchange, and sales and solutions.

These results were then combined into the award for best overall global RMB products and services.

Voters came from a wide range of countries, although perhaps unsurprisingly most were from Asia. Companies from China accounted for 32.03% of responses, from Hong Kong for 21.97%, Japan for 10.94%, Taiwan for 9.51% and Singapore for 4.36%. The poll also garnered responses from Australia, France, Germany, India, Indonesia, Korea, Malaysia, the US and the UK.

Overall results

Best overall global RMB products/services

Best overall offshore RMB products/services

Best overall onshore RMB products/services (all providers)

Best overall onshore RMB products/services (Chinese providers only)

Client satisfaction scores (offshore)

Best CNH transaction banking and treasury management

Best CNH derivatives

Best CNH research and analysis

Best syndication of CNH bonds

Best advisory

Best in RMB foreign exchange

Best sales and solutions

Client satisfaction scores (onshore)

Best CNY transaction banking and treasury management

Best CNY derivatives

Best CNY research and analysis

Best syndication of CNY bonds

Best advisory

Best in RMB foreign exchange

Best sales and solutions



Overall results

Best overall global RMB products/services
 (global)
2019 2018 Firm %
1 1 HSBC 49.63%
2 2 MUFG 15.42%
3 3 Bank of China 8.20%
4 4 Bank of China (Hong Kong) 3.36%
5 - ICBC 2.75%
      Top

Best overall offshore RMB products/services
 (offshore)
2019 2018 Firm %
1 1 HSBC 50.85%
2 2 MUFG 14.36%
3 3 Bank of China 6.98%
4 4 Bank of China (Hong Kong) 4.10%
5 - Citi 2.31%
       Top

Best overall onshore RMB products/services
(onshore - all providers)
2019 2018 Firm %
1 1 HSBC 48.42%
2 2 MUFG 16.49%
3 3 Bank of China 9.43%
4 4 ICBC 3.44%
5 - China Construction Bank 2.67%
       Top

Best overall onshore RMB products/services
(onshore - Chinese providers only)
2019 2018 Firm %
1 1 Bank of China 42.23%
2 2 ICBC 15.42%
3 3 China Construction Bank 11.96%
4 4 Agricultural Bank of China 11.51%
5 5 China Merchants Bank 9.60%
      Top 

Client satisfaction scores (offshore)


Best CNH transaction banking and treasury management
(offshore)
2019 Firm Score
1 Citi 1.788
2 Standard Chartered 1.457
3 HSBC 1.413
4 MUFG 0.946
5   Hang Seng 0.729
      Top 

Best CNH derivatives
(offshore)
2019 Firm Score
1 HSBC 2.460
2 MUFG 1.226
3 Agricultural Bank of China 0.769
4 Citi 0.659
5   BOC 0.580
      Top 

Best CNH research and analysis
(offshore)
2019 Firm Score
1 HSBC 2.016
2 MUFG 1.651
3 Agricultural Bank of China 0.779
4 China Construction Bank 0.779
5   Mizuho 0.746
       Top

Best syndication of CNH bonds
(offshore)
2019 Firm Score
1 MUFG 2.089
2 HSBC 1.482
3 Agricultural Bank of China 0.836
4 Citi 0.836
5   Standard Chartered 0.836
       Top

Best advisory
(offshore)
2019 Firm Score
1 Mizuho 2.035
2 HSBC 1.436
3 MUFG 1.270
4 Citi 0.942
5   Agricultural Bank of China 0.904
       Top

Best in RMB foreign exchange
(offshore)
2019 Firm Score
1 HSBC 1.409
2 Hang Seng 1.396
3 Mizuho 1.178
4 MUFG 1.027
5   Bank of China (Hong Kong) 1.018
       Top

Best sales and solutions
(offshore)
2019 Firm Score
1 Mizuho 2.872
2 ICBC 1.782
3 MUFG 1.429
4 HSBC 1.378
5   Bank of China (Hong Kong) 0.891
       Top

Client satisfaction scores (onshore)


Best CNY transaction banking and treasury management
(onshore)
2019 Firm Score
1 Citi 1.733
2 MUFG 1.602
3 Agricultural Bank of China 1.493
4 HSBC 1.346
5   Mizuho 1.059
       Top

Best CNY derivatives
(onshore)
2019 Firm Score
1 MUFG 3.061
2 HSBC 1.901
3 Mizuho 1.531
4 Citi 1.171
5   Standard Chartered 0.990
       Top

Best CNY research and analysis
(onshore)
2019 Firm Score
1 MUFG 1.908
2 HSBC 1.683
3 Citi 1.496
4 ICBC 0.898
5   Mizuho 0.765
       Top

Best syndication of CNY bonds
(onshore)
2019 Firm Score
1 China Merchants Bank 1.868
2 MUFG 1.798
3 HSBC 1.714
4 Mizuho 1.284
5   Agricultural Bank of China 1.109
       Top

Best advisory
(onshore)
2019 Firm Score
1 Standard Chartered 1.958
2 HSBC 1.654
3 Citi 1.585
4 MUFG 1.508
5   China Merchants Bank 0.964
      Top

Best in RMB foreign exchange
(onshore)
2019 Firm Score
1 HSBC 1.787
2 Citi 1.351
3 MUFG 1.240
4 ICBC 0.775
5   Standard Chartered 0.766
      Top 

Best sales and solutions
(onshore)
2019 Firm Score
1 MUFG 2.205
2 Standard Chartered 2.101
3 HSBC 1.698
4 China Merchants Bank 1.128
5   Mizuho 1.109
      Top 





We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree