In the short amount of time since the Hong Kong Monetary Authority (HKMA) announced the relaxation of the 20,000 yuan daily conversion cap, Chinese high net worth individuals (HNWIs) have grown more interested in CNH-related products, according to Rocky Cheung, DBS Private Bank’s head of investment advisory, Hong Kong. “Clients have been looking at CNH products after the relaxation of…
Chinese HNWIs allocating up to 30% in CNH products: DBS
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