HSBC

Asiamoney has released the results of its sixth Offshore RMB Survey. HSBC retains its indisputable position at the top, followed by Standard Chartered and Bank of Tokyo-Mitsubishi UFJ.

Offshore and cross-border RMB business has long been a badge of merit, and HSBC leads the pack. But with the currency in a period of prolonged volatility and capital controls making a return, the market is entering a phase of renewal.