Payments and cash management in mainland China

HSBC China (hereafter called 'HSBC') offers a full suite of cash management services, covering account receivables, payments and liquidity management; providing sophisticated solutions to assist you with:

• Effective working capital management
• Improved operational efficiency and minimised costs
• Automated liquidity management, within the context of China's regulatory environment
• Improved security and audit controls

HSBC is one of the first foreign bank to establish:

• Strategic cash management alliances with the five largest banks in mainland China: Bank of Communications, Bank of China, China Construction Bank, Industrial and Commercial Bank of China, and Agricultural Bank of China
• The widest direct membership and connectivity to local clearing systems, CNAPS (HVPS and BEPS) in the locations where HSBC has a Renminbi licence

Recent industry awards won by HSBC Global Payments and Cash Management include:

• The Most Successful Bank in FX and Treasury, PricewaterhouseCoopers (PwC), 2008 Annual Survey of Foreign Banks in China
• Best Cash Management House in Asia, Euromoney Awards for Excellence, 2007, 2008
• Best Overall Bank for Cash Management in Asia, Global Finance, 2003-2009
• Best Cash Management Bank in Asia, Treasury Management International, 2008, 2009
• Best Cash Management Bank in Asia, Financial-i, 2009

Products

HSBC provides the following cash management solutions to match your business processes and needs in mainland China:

• Integrated receivables solutions
  Receivables solutions that help you shorten your receivables collection cycles and provide information for reconciliation. This solution set also allows you to outsource your accounts receivable reconciliation and management.
• Integrated payments solutions
  Payments solutions that help you securely initiate and authorise payment instructions (via web-based channels such as HSBCnet and HSBC Connect) to HSBC for processing. The solution supports in-city and cross-city payments, beneficiary advising by e-mail or fax, and company cheque outsourcing.
• Liquidity management solutions
  Liquidity management solutions structured under the entrusted loan framework in mainland China, that allow you to optimise the efficiency of your idle cash balances among your group entities.
• Integrated delivery channels
  Our integrated delivery channels provide you with access to HSBC's range of products and services. These channel solutions are HSBCnet and HSBC Connect. HSBCnet is HSBC's corporate internet banking portal that provides you with a single point of entry to HSBC's corporate banking solutions. HSBC Connect is an automated host-to-host solution that allows your back-end systems to be integrated with HSBC's back-end systems, to facilitate the secure transfer of high volume transactions.

For more information about any of these products or services, please click here.