Maybank now offers you the convenience to settle your cross-border trade transactions with China in Ringgit (RM) and Renminbi (RMB), enabling you to save on transaction cost and better manage your foreign exchange exposure. Partner with Maybank and watch your business with China soar.

Your benefits at a glance

  • Access to direct trade financing* in RM and RMB 
  • Diversify your currency portfolio and mitigate your foreign exchange exposure 
  • Save on foreign exchange conversion and administrative cost to enhance cost-efficiency of your working capital 
  • Provide the natural hedge by enabling you to settle import obligation and receive export proceed in the same currency through the RMB Foreign Currency Account 
  • Strengthen your business relationships with your trade partners with improved turnaround time and better terms of trade
  • Expand your client base in China by improving your negotiating and purchasing power
  • Liquid currency with hedging facilities available

Maybank's wide range of RMB products and services 

  • Open account transactions involving trade remittances via telegraphic transfer (Inward and outward TT)
  • Letter of Credit (LC) Issuance, PaymentLetter of Credit (LC) 
  • Export LC Advising, Confirmation and Negotiation
  • Documentary Collections (Import and Export)
  • Bank Guarantee
  • RMB/RM FX Spot Contract, RMB Forward FX Contract and RMB Non-Delivery Forward (NDF) contract
  • Foreign Currency Account in Malaysia and RM Foreign Currency Account in Shanghai

 

 

Why Maybank?

Largest branch network including 24 Trade Finance Centres and sub-centres in Malaysia with dominant market share in trade finance
Established presence in Hong Kong, Shanghai and Beijing and 11 other countries in Asia to facilitate your cross-border trade
Experienced and dedicated trade specialists with in-depth market knowledge, local insights and on-the-ground support
A full suite of trade products and FX solutions to support your China trade business
The RM/RMB market maker to support your direct RM/RMB conversion in Shanghai
Only Bank to provide RM account facility at Shanghai to facilitate your counterparties in China


With Maybank, your trade with China just got easier!  

Talk to us today to find out more on our RM and RMB cross border trade settlement solutions. Get started by opening your RMB account and RM account with us. For further details, please call or visit your nearest Maybank Trade Finance Centre or Branch. With Maybank, your trade with China just got easier!

*Other foreign currency financing is also available

 

Next steps

Call us

Got a question? Call our Customer Care hotline at 1300-88-6688, any time, any day

 
 

Next steps

Call us

Got a question? Call our Customer Care hotline at 1300-88-6688, any time, any day

 
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