Forex Trading Yuan
Striking the motherlode
Hong Kong is well on its way to becoming the pre-eminent offshore trading center for yuan and yuan-denominated financial products. Since July, when the motherland eased limitations on the use of yuan in the SAR, thousands of people have flocked to open yuan bank accounts to tap not only the higher interest rates they offer over Hong Kong dollar holdings but also the sharp appreciation of the …
Kathy Lien in Aus: Chinese Yuan appreciation negative for $US; Asia will decouple from US economy
