Global markets in mainland China

Mainland China's money market

In mainland China, banks are allowed to manage their own foreign currency business so long as within their foreign debt cap set by the State Administration of Foreign Exchange (SAFE). Our business volume is governed by a short- and long-term foreign debt cap.

The renminbi funding market trading platform is provided by the CFETS (China Foreign Exchange Trading System). This is only applicable for interbank borrowing and lending with tenor and amount limited by relevant regulations.

For foreign banks, long-term funding could be transacted off market with local banks through specially negotiated agreements.

Money market products

HSBC is proud to have one of the largest money market operations among foreign banks in mainland China.

Our money market desk arranges funding for the Bank.

Currently, money market products in mainland China include interbank lending and borrowing, repos and reverse repos.

For more information on HSBC in mainland China's money market product offering, please contact us.