RMB Accounts
Capture the potentials of Renminbi to enhance your portfolio
Opening an RMB Deposit Account is a snap - for individual customers, simply show your valid identity proof to begin riding on the potential appreciation of Renminbi. Corporate customers may open the same Renminbi account types for investment purpose or easy handling of business expenses.
Time Deposit - Wise choice for your RMB wealth growth
High interest rate for great return
Minimum deposit starts at RMB10,000
Flexible choice of deposit period from 1 day to 12 months
Savings Account - Simple ways to save in RMB for better wealth
Open an account with just RMB1,000
Simple interest accrued daily and paid monthly
Choice of passbook or monthly statement for transaction records
With the CCB (Asia) UnionPay Dual Currency Debit Card, you can withdraw RMB via CCB ATM throughout China without any service charge
Checking Account - Free of charge for easy expense management
Free to issue RMB checks in Hong Kong
Checks issued in Guangdong Province (including Shenzhen) have to be for payment of consumer expenses and should not exceed the aggregate amount of RMB 80,000 per account per day *
Service is free of charge
Minimum deposit of only RMB1,000 for account opening
*Applicable to Hong Kong Identity Card holders only
Other RMB Services
Cashier's Order
Autopay
RMB Currency Risk
RMB is subject to the PRC government's control (for example, exchange restrictions). Besides, there is no guarantee that RMB will not depreciate. If customers convert Hong Kong Dollar or any other currency into RMB so as to invest in RMB denominated investment products and subsequently convert the RMB redemption proceeds back into Hong Kong Dollar or any other currency, you may suffer a loss if RMB depreciates against Hong Kong Dollar or other currency.
Remarks
RMB notes deposit services are applicable to notes of RMB10 denomination or above only.