I could have been a few percent richer on my balance sheet.
Six months ago, HK$10 were worth about RMB¥8.730 and that figure has steadily fallen to a recent ¥8.429!
I should have looked into RMB Savings and Fixed Deposit services as part of my investment portfolio ages ago.
Six months ago, HK$10 were worth about RMB¥8.730 and that figure has steadily fallen to a recent ¥8.429!
I should have looked into RMB Savings and Fixed Deposit services as part of my investment portfolio ages ago.
If you have done that long ago - well done. You are a smartie.
Though the Central Bank only allows individuals like us to buy or sell 20,000 yuan a day, no harm exchanging bit by bit from today, right? Given their fixed deposit interest rate is substantially higher too, no reason why not.
I am going for it starting from the next trading day in the year of the rabbit - better late than never!
And by the way (and I HAVE to do this), even I graduated with an Economics degree, any actions taken based upon any of the information contained on this blog is done entirely at your own risk!!
Though the Central Bank only allows individuals like us to buy or sell 20,000 yuan a day, no harm exchanging bit by bit from today, right? Given their fixed deposit interest rate is substantially higher too, no reason why not.
I am going for it starting from the next trading day in the year of the rabbit - better late than never!
And by the way (and I HAVE to do this), even I graduated with an Economics degree, any actions taken based upon any of the information contained on this blog is done entirely at your own risk!!
2 comments:
Yes, no reason why not. Just helped my mom to open an account to start switching today!
Sound strategy when the stock market is not volatile enough. Otheriwse, RMB-denominated investment products are very limited. Bonds paying 2.7pct interest, even with currency appreciation, may not be that attractive.
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