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Asiamoney Global RMB Poll 2020: Results

Asiamoney has once again polled corporations, financial institutions and investors to identify the best service providers in the renminbi market

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 GRMB_20_Web
 © 2020
 
 
 Methodology

Asiamoney’s ninth Global RMB poll got responses from 1,682 institutions, showing the importance of the market even as China’s government shifts its focus to other policy priorities, particularly responding to trade threats from the US and steering the economy through the impact of the coronavirus.

The poll generated responses from around the world. The greatest number of responses unsurprisingly came from China, which represented 48.68% of the voting pool. Hong Kong accounted for 17.39% of total responses, Taiwan for 6.08%, the US for 4.71%, Japan for 4.08% and Singapore for 3.5%.

There were also votes from Australia, France, Germany, India, Indonesia, Korea, Malaysia, the UK and elsewhere.

Respondents were asked to nominate their top three services providers for RMB products and services in both the onshore and offshore markets. They were also asked to nominate their favoured service provider in a number of categories, including advisory, foreign exchange, transaction banking and bond syndication. 

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)
2020 2019 Firm %
1 1 HSBC 55.69%
2 3 Bank of China 8.67%
3 2 MUFG 7.52%
4 4 Bank of China (Hong Kong) 3.35%
5 5 ICBC 3.19%
Top

Best overall offshore RMB products/services
(offshore)
2020 2019 Firm %
1 1 HSBC 54.31%
2 2 MUFG 9.87%
3 3 Bank of China 7.48%
4 4 Bank of China (Hong Kong) 4.57%
5 - ICBC 2.53%
Top

Best overall onshore RMB products/services
(onshore - all providers)
2020 2019 Firm %
1 1 HSBC 57.06%
2 3 Bank of China 9.85%
3 2 MUFG 5.16%
4 4 ICBC 3.84%
5 - China Merchants Bank 3.61%
Top

Best overall onshore RMB products/services
(onshore - Chinese providers only)
2020 2019 Firm %
1 1 Bank of China 39.30%
2 2 ICBC 15.33%
3 5 China Merchants Bank 14.38%
4 3 China Construction Bank 10.40%
5 4 Agricultural Bank of China 9.86%
Top

Client satisfaction scores (offshore)

Best CNH transaction banking and treasury management
(offshore)
2020 Firm Score
1 HSBC 1.747
2 MUFG 1.683
3 Standard Chartered 1.203
4 Mizuho 0.963
5 Bank of China 0.952
Top

Best CNH derivatives
(offshore)
2020 Firm Score
1 HSBC 1.722
2 Citi 1.318
3 MUFG 1.282
4 Agricultural Bank of China 1.219
5 Mizuho 1.068
Top

Best CNH research and analysis
(offshore)
2020 Firm Score
1 Standard Chartered 1.953
2 HSBC 1.601
3 MUFG 1.410
4 Agricultural Bank of China 1.283
5 Citi 1.250
Top

Best syndication of CNH bonds
(offshore)
2020 Firm Score
1 HSBC 1.803
2 Bank of China 1.110
3 China Merchants Bank 1.096
4 Standard Chartered 0.999
5 MUFG 0.981
Top

Best advisory
(offshore)
2020 Firm Score
1 MUFG 1.894
2 Citi 1.802
3 Standard Chartered 1.736
4 HSBC 1.057
5 Mizuho 1.057
Top

Best in RMB foreign exchange
(offshore)
2020 Firm Score
1 Citi 1.813
2 HSBC 1.608
3 MUFG 1.452
4 Bank of China 1.112
5 Agricultural Bank of China 0.964
Top

Best sales and solutions
(offshore)
2020 Firm Score
1 HSBC 1.720
2 MUFG 1.514
3 Standard Chartered 1.251
4 ICBC 1.215
5 Citi 1.197
Top


Client satisfaction scores (onshore)

Best CNY transaction banking and treasury management
(onshore)
2020 Firm Score
1 HSBC 1.798
2 Standard Chartered 1.408
3 China Construction Bank 1.292
4 Agricultural Bank of China 1.154
5 MUFG 0.973
Top
Best CNY derivatives
(onshore)
2020 Firm Score
1 HSBC 1.825
2 China Construction Bank 1.219
3 Bank of China 1.118
4 MUFG 0.974
5 Standard Chartered 0.866
Top

Best CNY research and analysis
(onshore)
2020 Firm Score
1 HSBC 1.915
2 MUFG 1.338
3 Agricultural Bank of China 0.902
4 Mizuho 0.867
5 Standard Chartered 0.843
Top

Best syndication of CNY bonds
(onshore)
2020 Firm Score
1 HSBC 1.805
2 Standard Chartered 1.510
3 MUFG 1.372
4 China Merchants Bank 1.372
5 Mizuho 1.308
Top

Best advisory
(onshore)
2020 Firm Score
1 HSBC 1.697
2 Standard Chartered 1.535
3 MUFG 1.310
4 China Merchants Bank 1.245
5 China Construction Bank 1.172
Top

Best in RMB foreign exchange
(onshore)
2020 Firm Score
1 MUFG 1.604
2 HSBC 1.584
3 China Construction Bank 1.237
4 Bank of China 1.205
5 China Merchants Bank 1.148
Top

Best sales and solutions
(onshore)
2020 Firm Score
1 MUFG 1.646
2 HSBC 1.636
3 China Construction Bank 1.319
4 China Merchants Bank 0.939
5 Standard Chartered 0.935
Top

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