Thank you for your interest in using our renminbi (RMB) services. As prior application is required for the service, we will proceed with your application. Upon completion of this application, you will be asked to confirm the transaction that you have initiated. After the first transaction is completed, your RMB account will become activated.

Note: CNY is the currency code for Renminbi (RMB)

Risk Disclosure

1. Currency conversion risk - the value of your RMB deposit will be subject to the risk of exchange rate fluctuation. If you choose to convert your RMB deposit to other currencies at an exchange rate that is less favorable than that in which you made your original conversion to RMB, you may suffer loss in principal.

Declaration

1. I/We hereby confirm that the information given above is correct and complete and authorise the Bank to verify the same from any source it may deem fit. I/We also undertake to notify the Bank immediately of any changes to the above information.
2. (Applicable to application for renminbi savings service only)
1. I/We understand and agree that the renminbi savings service applied above is at all times subject to, and I/we also undertake to comply with, the law and all the rules, regulations, restrictions, directions, guidelines and the likes issued by the relevant authority governing the same and also any other related terms and conditions and publications issued by the Bank from time to time.
2. I/We hereby undertake and agree with the Bank in handling renminbi cash deposit that:
1. if, at any time after your crediting my/our account with the said total amount of renminbi notes, any one or more of these renminbi notes shall be found or reasonably suspected by you to be counterfeit notes, you are hereby fully and irrevocably authorised to, without notice to me/us, forthwith debit my/our said account or any other account(s) held by me/us with your Bank for the aggregate amount of such note(s).
2. the said note(s) will not be returned to me/us and you are authorised to dispose of the same at your sole discretion and to inform the relevant authority and disclose to them all such information relating to the same, including my/our names, contact numbers and addresses, as you shall deem appropriate.
3. I/we shall keep you at all times indemnified against all actions, claims, proceedings, loss, damages, costs and expenses which may be brought against you or suffered or incurred by you arising out of or in connection with 2b(i) and 2b(ii).
3. I/We understand that if I/we now or shall open a renminbi time deposit account, the renminbi time deposit account must be linked to my/our renminbi savings account. I/We also understand and agree that deposits to and withdrawal from my/our renminbi time deposit account can only be made by transfers from and to the said renminbi savings account (instead of in cash, by cheques or in any other manner) unless the Bank shall specify otherwise.
3. (Applicable to application for renminbi savings service relating to non-Hong Kong residents only)
1. I/We agree and understand that cross-border remittance to or from the Mainland or other places outside Hong Kong instructed by non-Hong Kong residents are subject to the rules and requirements of the jurisdiction of the originating or receiving markets.
2. I/We confirm that I/we are not holder of Hong Kong Identity Card and undertake to notify the Bank immediately if I/we have become a holder of Hong Kong Identity Card.
3. I/We agree and understand that Renminbi-denominated cheques issued by non-Hong Kong residents are for use in Hong Kong only and are NOT for use in the Mainland.

Note: An RMB account in the joint name of a Hong Kong resident and a non-Hong Kong resident will be treated as an RMB account held by a Hong Kong resident and will need to comply in all respects with the relevant regulatory requirements for personal RMB business applicable to Hong Kong residents.

By clicking the "Agree" button below, I agree to and confirm all the above declarations and further submit this Application.