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Take risks out of ChinaactivitiesManage the costs of hedging your trade and operations on the ground in Chinaby using renminbi foreign exchange forwards, options and swaps in an offshoreregional treasury centre or on the Mainland.Where’s the opportunity?Renminbi foreign exchange markets onshore and offshore have developed rapidly and are nowsupported by risk management tools. About USD8.7 billion in deliverable foreign exchange contractsare issued every day in Hong Kong, while USD3 billion in contracts are traded daily in China.USD3.31 trillion – valueof China’s forex reserves,December 2012 (ix)How can HSBC help you seize it?We provide risk management instruments for trade, financing and investment protection. HSBC isamong the most active participants in the offshore renminbi foreign exchange market and one of onlya few international banks registered to deal on the Mainland as well.10Mitigate in renminbi with HSBCComplete offshore hedging toolsHedge your offshore renminbi trade flows and assets with HSBC.We provide deliverable forwards, options and swaps as wellas access to the active non-deliverable market, which predatesliberalisation of the renminbi. Prices between deliverables andnon-deliverables are converging and deliverables have alreadybecome the tool of choice for many investors seeking to hedgerenminbi volatility.Manage risks on the MainlandWe are the leading foreign bank in the interbank FX spot,forward and swap markets. HSBC provides deliverable currencyand interest rate hedging tools, including swaps, options andforwards. We can help hedge all the transactions and transferspermitted by Chinese regulators, including debt and workingcapital repayment; income and expenses; capital injections andincome remittance.11