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Search for "London yuan account" and you will find banks offering RMB accounts in the UK.
by fspeech 10y ago
Search for "London yuan account" and you will find banks offering RMB accounts in the UK.
- akhatri_aus 10y agoThere are two Yuans, an offshore and an onshore one. You can't get access to the main one and there are arbitrage opportunities between them, due to the nature of the 'home' one being untradeable or unable to achieve price discovery due to a 50k a year limit on volume.
- John23832 10y agoThere is an "international" yuan and a "domestic" yuan. That scares finance people. Think about if the dollar (or the euro) was worth more or less depending on where you were...