China is an emerging market with fast growth in the world. With its recent economic reform policies and the launch of
Shanghai-Hong Kong Stock Connect, the continuing internationalization of the Renminbi (RMB) creates wider investment choices and more growth opportunities. With our RMB expertise, we will partner you to grow your wealth, realize every opportunity in the market and be your go-to bank for a comprehensive RMB investment solution.
Our full suite of Renminbi services
Buy / Sell RMB
- Buy or sell RMB around the clock via online & mobile banking
Shanghai-Hong Kong Stock Connect
- Trade A shares and other RMB-denominated Hong Kong stocks with one stock account
- Tenor of time deposit ranging from 1 week to 12 months with minimum amount as low as RMB1,000
RMB Cash Withdrawal
- Withdraw RMB at over 100 Citi ATMs in Hong Kong
Important Notes:Important Notes:
- RMB notes exchange and withdrawal are only applicable to banknotes in denominations of RMB50 or above. ATM withdrawal is only applicable to banknotes in denominations of RMB100.
- RMB withdrawal is not applicable to the Citibank ATMs at the Hong Kong International Airport, Shatin Racecourse and Happy Valley Racecourse. RMB withdrawal from ATMs is subject to the Daily Withdrawal Limit (HK$20,000 or equivalent and HK$40,000 or equivalent for Citibanking and Citigold clients respectively) whichever is lower.
- The unused part of any remittance funds from the banks in Mainland China may be remitted back into your account in Hong Kong.
- RMB local inter-branch transfer (CHATS) is applicable at branch only.
- The RMB (CNH) trading hour for non-HKID holders / Business Account is Monday to Friday, 9:30am to 6:00pm.
- RMB savings interest rate is calculated on a year base of 365-day.
- The above mentioned products might only be applicable to limited jurisdictions.
- All obligations herein are payable solely at and by Citibank (Hong Kong) Limited, subject to the laws of Hong Kong (including governmental actions, orders, decrees and regulations).
- RMB deposits/trading are subject to exchange rate fluctuations, which may provide both opportunities and risks. Exchange controls imposed by the relevant authorities may also adversely affect the applicable exchange rate.
- RMB is currently not freely convertible and conversion of RMB through banks in Hong Kong is subject to certain restrictions. The actual conversion arrangement will depend on the prevailing restrictions at the relevant time.