Chart Check (Let’s All Move To Hong Kong)

Are you a Chinese citizen who wants to circumvent Beijing’s increasingly onerous capital controls on the way to protecting yourself from the vicissitudes of the RMB?

No problem. Just buy Hong Kong stocks. Sure, you’ll have to be repaid in yuan when you cash out, but as Bloomberg notes, in the meantime you’ll be shielded from the currency’s one-way depreciation against the dollar.

hong

(Chart: Bloomberg)

 

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints