The daily conversion limit of RMB20,000 (US$3,200) is doing little to temper high-net worth individuals (HNWIs) appetites for the currency, according to private bankers in the region. Should the limit be lifted, a situation some admit is possible within the year, private banks may well be the biggest beneficiaries. “The uplifting of the [daily] 20,000 yuan (US$3,200) daily conversion limit…
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