[Moving2HK]

Hello!

Just realized that HSBC offers NDFs on the CNY. Any thoughts about this offer?

http://www.hsbc.com.hk/1/2/hk/banking/rmb

What other possibilities do we as retail investors in HK have to bet on a CNY appreciation? By going long in the CNY I am mainly trying to hedge against the EURUSD rise since I am earning in HKD and saving in EUR.

HSBC requires a 25% deposit of notional. Standard savings account interest rates are paid on the deposit. But this also means that I forego any returns that I could achieve with that money...

A story on the CNY: http://www.reuters.com/article/reute...K9142520070816

Any thoughts?

[hktraveller]

Originally Posted by Moving2HK

Hello!

Just realized that HSBC offers NDFs on the CNY. Any thoughts about this offer?

http://www.hsbc.com.hk/1/2/hk/banking/rmb

What other possibilities do we as retail investors in HK have to bet on a CNY appreciation? By going long in the CNY I am mainly trying to hedge against the EURUSD rise since I am earning in HKD and saving in EUR.

HSBC requires a 25% deposit of notional. Standard savings account interest rates are paid on the deposit. But this also means that I forego any returns that I could achieve with that money...

A story on the CNY: http://www.reuters.com/article/reute...K9142520070816

Any thoughts?

Take a look at http://fxtrade.oanda.com. There you can trade 24hrs with minimal spreads and no minimum volumes.

[Moving2HK]

If the CNY would be fungible, i.e. tradeable without any regulations, then obviously there would be no point to a NDF. But as far as I know you can't really trade the CNY. But maybe someone knows better. Any other opinions?