• 11/25/2024

Yuan slump turns Hong Kong into haven as mainland Chinese rush for higher bank rates, insurance policies and US dollar

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

Mainland Chinese are rushing to open bank accounts in Hong Kong, buy insurance policies and investment products or swap their cash for local or US currency as the yuan slumps to the weakest since October.

https://www.scmp.com/business/banking-finance/article/3231680/yuan-slump-turns-hong-kong-haven-mainland-chinese-rush-higher-bank-rates-insurance-policies-and-us?utm_source=rss_feed