The closer business relationships between the Mainland China and Hong Kong, the greater demands of Hong Kong residents on local CNY services. Hence, Shanghai Commercial Bank Limited provides a wide variety of CNY services including deposits, cheques and exchange to designated business customers* to help them meeting their needs in all aspects, thus allowing them to better capture the opportunities generated from the closer business relationships between Hong Kong and the Mainland China.
* Hong Kong Designated Business Customers includes Hong Kong commercial establishments that provide retail, catering, accommodation, transportation services, communication services, medical services and educational services; Business customers have had business relationship with the Bank for more than 3 years. Customers with less than 3 years of business relationship will be accepted if there is concrete evidence to certify that they have been engaged in relating services. However, excludes money changers, property agents, stockbrokers, financial institutions and gambling establishments.
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CNY Deposits Services |
We offer all-round CNY Deposits Services including CNY No Passbook Savings Accounts, CNY Checking Accounts and CNY Fixed Deposits Accounts to let your companies enjoy higher returns of interests.
CNY No Passbook Savings Account
CNY Fixed Deposits Account
CNY No Passbook Savings Account
Advantages of choosing our CNY No Passbook Savings Account are…
Monthly statement is issued to let you clearly check all transactions of your company. In addition, you can freely manage your CNY deposits to deal with daily operational and financial transactions and earn considerable interests at the same time.
Our Target Customers are…
Companies which would like to manage their CNY deposits.
Features
- Interest is calculated daily and credited to account every month
- Flexibility in meeting your company’s specific needs by deposit or withdraw CNY notes
- Statements are issued monthly to show all of your company’s transaction details
- Corporate customers can enquire their account balances, deposits interest rates, exchange rates and transfer funds through Corporate Internet Banking or Phone Banking
For more information on the documentation required for accounts opening, please click here.

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CNY Fixed Deposits Account
Advantages of choosing our CNY Fixed Deposits Account are…
Having a CNY Fixed Deposits Account allows your company to earn higher interest over a savings account for a certain period of time. Also, we provide wide variety of deposits periods for your company to choose from, which gives you high flexibility to manage your fund.
Our Target Customers are…
Companies which have extra CNY funds and would like to earn higher interest return than those of a savings account.
Features
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Deposit confirmation will be issued to show details of each fixed deposit transaction including account holder’s name, principal deposit amount, interest rate and maturity date, etc
- Flexible deposit periods of 1 or 2 weeks, 1, 2 or 3 months
- Automatic renewal services are available at your convenience
- You can set up a fixed deposits placement or renewal instructions via Corporate Internet Banking, Phone Banking or any of our branches
For more information on the documentation required for accounts opening, please click here.

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