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Correspondent account
These financial assets were issued to foreign investors in renminbi, rather than the local currency. [9] In June 2009, China allowed financial institutions in Hong Kong to issue dim sum bonds. HSBC was the first institution that issued these. In August 2010, McDonald was the first corporation that issued dim sum bonds.
International Bank Account Number
Banking. The Cross-border Interbank Payment System (CIPS) is a Chinese payment system that offers clearing and settlement services for its participants in cross-border renminbi (RMB) payments and trade. CIPS is backed by the People's Bank of China and was launched in 2015 as part of a policy effort to internationalize the use of China’s currency.
Foreign exchange market
HSBC - Wikipedia ... HSBC
List of countries by foreign-exchange reserves
Foreign currency account. Foreign Currency Account (FCA) is a transactional account denominated in a currency other than the home currency and can be maintained by a bank in the home country (onshore) or a bank in another country (offshore). Foreign currency accounts are generally not covered by national deposit insurance schemes.