The value of offshore yuan in Hong Kong has dropped 7.4 per cent against the US dollar in the past 12 months. Total renminbi deposits in the city plunged 30 per cent to 711.5 billion yuan, down from 994.1 billion yuan as at July 2015. Photo: Reuters

Hongkongers snub yuan deposits as currency slumps

Yuan investment products lose their glitter as investors fear for exchange rate loss

Topic |   Yuan

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The value of offshore yuan in Hong Kong has dropped 7.4 per cent against the US dollar in the past 12 months. Total renminbi deposits in the city plunged 30 per cent to 711.5 billion yuan, down from 994.1 billion yuan as at July 2015. Photo: Reuters
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