Chinese Renminbi
- Thread starter J-S
- Start date
evertrade offers rmb accounts. i would not do what i did - swap cash for actual RMB. turns out the transaction for the physical is not worth it, especially with lost interest. if i had to start over, i would have gone to evertrade first. evertrade.com i think.
Buy stock in a basket of companies that generates RMB profits.
def
Sponsor
open an account at HSBC or any other HK bank.
http://www.hsbc.com.hk/hk/personal/rmb/default.htm
http://www.hsbc.com.hk/hk/personal/rmb/default.htm
Welcome to China, dumbshit:
Mr. Def,
HSBC is an English bank with operations in Hong Kong SAR, Macau SAR, and mainland China as well as other areas of the world. What the author of this thread might consider is what will happen with the HK$ if or when the chinese remove the Yuan peg to the US$. The HK$ & the MACAU Pesata will in most probability will be removed from their pegs also. If the author wants possession of the currency itself vs a bank account, most international banks can perform a currency exchange for minimal fees or you could purchase travelers checks denominated in whatever currency you choose. The BoC is very helpful with exchanges or travelers checks as we use them quite frequently when traveling there.
HSBC is an English bank with operations in Hong Kong SAR, Macau SAR, and mainland China as well as other areas of the world. What the author of this thread might consider is what will happen with the HK$ if or when the chinese remove the Yuan peg to the US$. The HK$ & the MACAU Pesata will in most probability will be removed from their pegs also. If the author wants possession of the currency itself vs a bank account, most international banks can perform a currency exchange for minimal fees or you could purchase travelers checks denominated in whatever currency you choose. The BoC is very helpful with exchanges or travelers checks as we use them quite frequently when traveling there.