Hi guys. With the supposed coming collapse of the US$, I have a few questions about stashing my HK$ savings in a yuan account. I have a few hundred thousand and hope to leave HK in a year or two, so I really want to maintain my savings' value in the medium term.
1) Is it likely the yuan will continue to appreciate?
2) Are there limits on how much yuan I can hold in a savings account with HSBC?
3) Are there limits on the amount of yuan I can buy/transfer into the account?
4) Given that I won't need to access the savings for a while, is a cash deposit a better idea? Any recommendations?
Naturally I'll be paying you 5% as my financial advisers.