Me not a forexian, dunno, but maybe LongPut (or ShortCall) options... B/c of the current situation (low interest rates in CN and high interest rates in the West), I think the Renminbi (CNY) will be bought much by Westerners, which then will catapult the CNY to the 2nd most used currency in the World, IMO...
Buying into weakness may be a profitable long term strategy. Don't use IMO or IMHO. It is screaming and detracts from an otherwise useful response.
Yeah. There are a hundred ways to do this. And no hedgefund does it because because despite the billions of dollars that could be earned, hedgefunds aren't interested in making billions in a pure arbitrage.
Sell in the futures market, cost zero, keep rolling at expiration. https://www.cmegroup.com/markets/fx/emerging-market/chinese-renminbi.html#venue=globex
That's not the only zero. https://www.cmegroup.com/markets/fx...enminbi.settlements.html#tradeDate=08/25/2023
Trust in da shaet China's current problems are caused by the current massive problems of the West: b/c the West cannot afford anymore to buy big in China (due to high inflation in the West), then obviously this leads to export and unemployment problems in China...