Openning a Yuan account in Bank of China NY Branch?

M

misterno

I am oppenning a CD in BOC NY Branch

My question is; say I deposited $10,000 today with 0.65% interest rate and 6 months from now Yuan appreciated %2 against the USD

I understand I will be paying tax on the interest gain.

Will I be paying tax on the realized gain on currency appreciation?
 
Dunno the answer to that. But I am curious how can you open an account at BOC NY? I was going to make a stop in Shanghai to open an account, but if I can do that here in NY, that's much better. Is there a minimum?

Thanks!
 
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