I read some time ago that people from Hong Kong open bank accounts in Shenzhen and go there putting their CNY because they get higher interest rates (that is, higher than the 3% one get here with Chinese bonds).
I wonder: 1) can a foreigner (i.e. non-Chinese, non-HK) open a bank account in Shenzhen? 2) what documents does he need? 3) what is the interest rate? 4) How much can one bring (legally) from HK to Shenzhen and vice-versa? CNY20,000 a day? 5) Any additional tip which bank gives the highest interest rates?
If anybody has already done it, I would be grateful if he/she can spend a few minutes giving me that information. Thanks a lot.