Yuan Savings Account

Discussion in 'Forex Trading' started by doublechin, Apr 19, 2011.

  1. What are the pros and cons of holding a yuan savings account in terms of maintaining the relative value of your money if you don't live in China. Been offered the attached rates

    Any thoughts?
     
  2. wqking

    wqking

    It's lower than the rates in China.

    http://data.bank.hexun.com/ll/ckll.aspx

    Above is in Chinese language, the rates of China banks, but you can get the idea. The first rate column such as 0.30, 0.35, is the float rate. The next column is 3 months, then 6 months, then 1 year.

    Maybe I can save your money in China banks and I earn the rate difference? Joking though.
     
  3. wqking

    wqking

    Just realized this topic was posted in 2011, sorry.
    But why a topic in 2011 is on the first page...