Wednesday, April 9, 2008

Hong Kongers turn to stronger renminbi

Hong Kongers turn to stronger renminbi

By Justine Lau and Robin Kwong in Hong Kong

Published: April 7 2008 16:37 | Last updated: April 7 2008 16:37

Like many people from Hong Kong, Fanny Lau sometimes travels across the border to mainland China to shop and get a massage. Last Saturday, she added an extra item to her itinerary – opening a bank account.

After weeks of deliberation and research, Ms Lau joined a small but growing number of Hong Kong residents who are turning their Hong Kong dollar savings in local banks into renminbi deposits in mainland China.

No comments: