You Can Now Open A Chinese Bank Account, Invest Directly In Yuan

You Can Now Open A Chinese Bank Account, Invest Directly In Yuan

This week, for the first time ever, the Bank of China in the US is letting American customers open up accounts and invest directly in Chinese currency. Last year the “closed” currency yuan gained 3.3% against the dollar while the highest American “high interest” accounts were delivering around 1.7%. WSJ gives 5 reasons for getting in on the hot renminbi action: [More]