I've been looking at the various deposit accounts in Hk and shock horror, the choice is limited.
I can only compare to the situation in the UK since thats where I'm at, but certainly in the UK I won't have any problems finding deposit accounts at reputable insititions that are paying above the base rate here. Plus its impossible to imagine any high street bank in the UK selling granny corporate bonds that can default.
Am I missing something? There seems to be a real lack of choice (competition?) in HK. I understand that risk profile of people in HK are different, but surely theres a market out there for people who can't be bothered or unwilling to take the risk and want a deposit account that pays a decent amount without running the risk of default or currency movements?
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24-03-2007, 02:57 PM #11
Last edited by mfc; 24-03-2007 at 03:01 PM.
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