Obtaining Yuan

[wellington]

Everything is screaming get yuan in the finance sector we operate in, dump Dollar/Euro/Pounds/Yen etc

Yet, we've yet to come across a method of obtaining yuan in a safe manner for our clients (non American/European).

Any advice ?

 

[bisk]

You want to buy yuan? What for? Are you insane?

 

[MiddleEuroAsia]

wellington said:
Everything is screaming get yuan in the finance sector we operate in, dump Dollar/Euro/Pounds/Yen etc

Yet, we've yet to come across a method of obtaining yuan in a safe manner for our clients (non American/European).

Any advice ?
Click to expand...

Look into Hongkong, singapore and Malaysian banks. My bank account in Labuan that I have with Maybank give me good exposure to yuan.

 

[Martin Everson]

wellington said:
Yet, we've yet to come across a method of obtaining yuan in a safe manner for our clients (non American/European).
Click to expand...

Are you looking for offshore on onshore Yuan i.e CNH or CNY?

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[daxbr]

USD - Chinese Yuan Futures
https://www.cmegroup.com/markets/fx/emerging-market/chinese-renminbi.htmlhttps://www.dgcx.ae/products/usd-chinese-yuan-futures

 

[Marie Manila]

The last time I checked, you could open a personal account with Dukascopy that is denominated in Yuan.

 

[Mike Forman]

Just open a HK bank account and you get yuan account and a dual currency union pay atm card (hkd and cny)

 

[Martin Everson]

If you however want a CNH account you can just use Saxobank. Good thing about using Saxobank is the company is majority Chinese owned 😉.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[wellington]

bisk said:
You want to buy yuan? What for? Are you insane?
Click to expand...

$ Debt Crisis will destroy the $ as the Worlds Reserve Currency, largest purchaser of Saudi Oil is China for the next 50 yrs, Petro Dollar, will become Petro Yuan in a multi-polar world, where currencies will begin to back by Commodities, the Axis powers (as viewed by the West) will have access to cheap fuels/oils, Western countries will not.

So why Yuan? -> Hedge.

Martin Everson said:
If you however want a CNH account you can just use Saxobank. Good thing about using Saxobank is the company is majority Chinese owned 😉.
Click to expand...

Looking for something not related to Western Rails.

Marie Manila said:
The last time I checked, you could open a personal account with Dukascopy that is denominated in Yuan.
Click to expand...

Sounds like "EuroDollar" lol

Physical Yuan in a 'actual' bank, not Western Rails.

I can get YUAN here (asia) but it's an account within a local bank, so its essentially not backed, basically a ledger system, like we currently have in the West.

 

[Lincoln Burrows]

Most (if not all) multi-currency banks/EMIs have CNY.