Personal RMB ServicesPersonal RMB Services

RMB Services

RMB Remittance Service

RMB Remittance Service
  • RMB outward remittance service to bank accounts in Mainland China
  • Hassle-free standing instruction for regular remittance
  • Low remittance handling fee

 

 

 

 

 

Services Summary

Target Customer

Individual Customers

Transaction Limit

Maximum RMB 80,000 per person per day

Service Hours

Mon to Fri from 9 a.m. to 3 p.m. (except public holidays in Hong Kong and Mainland China)

Others

  • Customer must maintain a RMB deposit account with the Bank
  • The name of the beneficiary and the name of the remitter must be the same
  • The remittance amount must be debited to the Bank’s RMB deposit account
  • Customer has to provide the standard Chinese code of his/ her name for outward remittance
  • Any unused funds can be remitted back to Hong Kong

Target Customer

Corporate Customers

Transaction Limit

No daily limit will be applied, subject to the available balance in the RMB Trade Settlement Statement Savings Account and the provided relevant documents 

Service Hours

Mon to Fri from 9 a.m. to 3 p.m. (except public holidays in Hong Kong and Mainland China) 

Others

  • Customer must maintain a RMB Trade Settlement Statement Savings Account with the Bank
  • The beneficiary must be a Corporate Customer in China
  • The purpose of RMB remittance must be for: 
    - the Cross-border Trade Settlement (including trade in goods or trade in services) with China
    - cross-border capital transfer
    - charity donation 
    - other current account transactions
  • The remittance amount must be debited to the Bank’s RMB Trade Settlement Statement Savings Account
  • Customer has to provide the relevant documents including but not limited to invoice, sale contract, transport documents, etc. when submitting the outward remittance application form
  • Any unused funds can be remitted back to Hong Kong

 Customer Hotline : (852) 8107 0818

Notes and Risk Disclosure:

Notes:

  1. Individual Customers: i) Hong Kong Resident – should be aged 18 or above with HKID Card; or ii) Non-Hong Kong Resident – should be aged 18 or above without HKID Card.
  2. All the information set out above is provided to the best of the Bank’s knowledge and understanding of the Relevant Rules. Account Holder should also comply with any updates that shall be published or issued by the Bank at any time and from time to time and any latest guidelines issued by the regulatory authorities.

 

Risk Disclosure:

  1. The value of RMB deposit will be subject to the risk of exchange rate fluctuation. Customer may suffer loss in principal due to the exchange rate fluctuation if he/she chooses to convert RMB deposit to Hong Kong Dollar or other currencies.
  2. RMB is currently not freely convertible currency. Conversion of RMB for customer is subject to the requirements specified by relevant authorities from time to time and/or the arrangement of Public Bank (Hong Kong) Limited (“the Bank”).