Renminbi Payments

Personal customers who are Hong Kong residents can make an instant Renminbi payment from their Hong Kong dollar / Renminbi account to designated personal accounts at payee's banks in mainland China via Payment Connect with a daily transfer of up to HKD10,000 or equivalent per day. For other situations such as non-Hong Kong residents making a Renminbi payment to mainland China, or the payment amount exceeding the above-mentioned threshold to the maximum of CNY80,000, they must maintain a Renminbi account with us in Hong Kong and have a Renminbi account under the same name in mainland China.

Simply log in to the HSBC HK App, go to 'Pay' and select 'With Payment Connect to mainland China'. Alternatively, log on to HSBC Online Banking and go to 'Pay & transfer' and select 'With Payment Connect to mainland China'.

Additionally, personal customers who are Hong Kong residents can remit up to CNY80,000 per day via telegraphic transfer from their Renminbi account with us in Hong Kong to their Renminbi account under the same name in mainland China. If the remittance amount exceeds the available daily remittance limit, the transaction will be rejected on the transaction date. The daily remittance amount may also be checked by the Renminbi clearing bank.

Simply log in to HSBC HK App, go to 'Pay' and select 'Anywhere globally'. Alternatively, log on to HSBC Online Banking, go to 'Pay & transfer' and select 'Global payments to other accounts'. Please input the English name of the remitting account holder in the "Account Holder's Name". We will automatically use your Chinese name maintained with us as the remitter and beneficiary when effecting the transfer. If you only have your English name on record with us, we will use your English name instead.

If personal customers who are Hong Kong residents need to make remittances to their Renminbi account in mainland China on a regular basis, they can set up a standing instruction to save time and trouble.

Non-Hong Kong residents may need to obtain approval from the relevant Mainland authorities for Renminbi remittance to mainland China. Also, charges may be involved should the outward remittance be rejected by the Mainland authorities or Mainland banks.

If customers want to capture investment opportunities through GBA Wealth Management Connect or property purchase in mainland China, please visit HSBC GBA Wealth Management Connect or refer to 'Special Points to Note for Renminbi (RMB) Outward Payment' at Customer Information sheet for Outward Payments (PDF) for details.

Personal customers who are Hong Kong residents can use the HSBC HK App or Online Banking to make an instant Renminbi payment from their Hong Kong dollar/ Renminbi account to designated personal accounts at payee's banks in mainland China via Payment Connect, with a daily transfer of up to HKD10,000 or equivalent per day. For other situations such as non-Hong Kong residents making a Renminbi payment to mainland China, or the payment amount exceeding the above-mentioned threshold to the maximum of CNY80,000, it is a must to maintain a Renminbi account with us in Hong Kong, and have a Renminbi account under the same name in mainland China.

Non-Hong Kong residents may need to obtain an approval from the relevant Mainland authorities for Renminbi remittance to mainland China. Also, charges may be involved should the outward remittance be rejected by the Mainland authorities or Mainland banks.

If customers want to capture investment opportunities through GBA Wealth Management Connect or property purchase in mainland China, please visit HSBC GBA Wealth Management Connect or refer to 'Special Points to Note for Renminbi (RMB) Outward Payment' at Customer Information Sheet for Outward Payments (PDF) for details.

• Hong Kong residents can remit funds up to a daily limit of CNY80,000 per person. The payee account must be in the same account entity as the payer account. For joint account in mainland China, we'll need additional documents for further verification.
• If the remittances are made in non-Renminbi currencies to mainland China or by a non-Hong Kong resident, there are no daily limits or restrictions on same account entity. Instead, it is subject to an annual quota equivalent to USD50,000 per person on the payee in mainland China.
• Please specify your purpose of payment code during the payment process. Any cross-border payment in renminbi without an appropriate purpose of payment code may be delayed or rejected.
• Residents of mainland China who are working in Hong Kong can transfer their salary back to mainland China.

Please note that the above transfers can't be used for financial investment purposes in mainland China, unless they're conducted via GBA Wealth Management Connect, or for the purpose of property purchase in mainland China.

We process outward telegraphic transfer instructions in Renminbi from 8:15am to 4:00pm, Monday to Friday (excluding Hong Kong public holidays).

You can send us transfer instructions whenever you like but requests received outside these times are processed on the next business day.

Processing of outward telegraphic transfer instructions in Renminbi is subject to the schedule of the Renminbi clearing bank. For example, they will not process payments during holidays in mainland China, such as Labour Day and National Day.