Taking advantage of RMB cross-border clearing, China Construction Bank Corporation, Hong Kong Branch (CCBC HK) offers a product–RMB Cross-Border Conversion, in order to assist the PRC companies by providing solution on RMB Cross-Border funds handling.

When effecting payment to the beneficiary, say the exporter, PRC companies can first remit RMB funds to CCBC HK who will help convert the funds to other currencies before transferring the funds to the final beneficiary. On the order hand, CCBC HK supports the PRC companies to collect the funds in USD, EUR etc, say from the importer, and remit the converted funds, in CNY currency, to their designed account in CCBC PRC Branches. Taking the advantage of RMB offshore market in Hong Kong, the customer can enjoy a more favorable exchange rate than in the mainland market.