Deposits in yuan: what do we need?

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2018-03-20 05:12:10

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In the financial sector there are many opportunities to invest its own funds. Every Bank offers such program. Not so long ago introduced a new feature – deposits in yuan. The Chinese currency had previously been “closed” because he was under the protection of Beijing. But now everyone can invest in the yuan.

Banks offer different programs, which have their conditions. Though the account in yuan in Russia is not very popular, yet many organizations offer their design. According to experts, these deposits can be very profitable, if you know some of the subtleties.

Contributions

It is Advantageous if the deposits in yuan? Experts believe that such investments are considered a good diversification move. There are several factors because of which you can easily open your account in the currency of China:

  • The yuan is unlikely to fall, is confirmed by the quotes;
  • There is a possibility that the yuan will rise;
  • The Chinese currency is considered to be an excellent way of diversification of investments.

Experts believe that the chances of falling in the currency low. The reason for this is the undervaluation of the yuan. China has long supported the growth of the currency for export. Perhaps in the future it will grow that will positively affect the country's economy. In China are developing production of many States.

RMB deposits

Experts believe that if to take into account the purchasing ability of the US and China, the latter after a few years may be ahead of America. RMB deposits are considered to be a win-win option. To keep money in the currency is beneficial. The risk relating to deposits in yuan, is that for some time, the asset may not change.

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Risks

The yuan is the new currency for investment, so there are some risks. These include the omission of other, profitable investment opportunities. Though China's economy develops in the near future, the yuan will not grow. There is a risk that in the future Beijing will forbid to transfer their currency into dollars, but this is unlikely.

Renminbi

Not to miscalculate, you should weigh the advantages and disadvantages of currency. You must also select the organization and a suitable program, through which the investment will be profitable. Based on this the customer can decide whether to keep their money in Chinese yuan.

Banks Offers

In Russia the Chinese currency in banks only began to be used. Not all organisations choose to open deposits in yuan. Only some agencies are ready to offer such programs. These include:

  • CJSC “BBR Bank”;
  • OJSC “Bank Zenit";
  • OJSC “interregional commercial Bank for development of telecommunications and Informatics";
  • CJSC “Gazbank”.

The Rates are still not as high as we would like customers. They are from 0.05 to 2.75%. But keep in mind that there is a chance of a profit on exchange. And the exchange rate against the ruble on February 27, 2017 equal of 8.36.

Quotation of the savings Bank

According to economists, the cooperation of Russia and China will develop. Therefore, the RMB deposits in the savings Bank will be a necessity. Making them, you should not worry about the conversion at an unfavorable rate. To open an account need to those who use both currencies.

Sberbank prepares savings accounts in RMB. It is only possible to open a simple Bank account used for payments and transfers. The contributions are divided into “universal” and “demand”. Each program has its own characteristics.

Contributions

Deposits in yuan for individuals opened for a period up to 5 years but can be renewed. The rate on the account equal to 0.1%. For opening Deposit is required of $ 5.

RMB deposits in the savings Bank

The Client can Deposit funds and withdraw them. But the minimum should always be on the account. Contribution “demand” opens with similar conditions, only it's permanent, so can be used permanently.

What is required?

To open a contribution, you must provide documents:

  • Passport
  • Statement;
  • Questionnaire.

With an account, signed a contract, then the money will be credited. For Deposit account opening the client needs to be the Chinese currency. But everything is simple - you just have to refill the account in rubles, which will be converted into RMB.

Whether to Buy currency for investment?

Though China's economy has become developed, all the same currency weak to be considered a world. According to experts, the yuan will be in demand not in the near future and in the future. Therefore, it pays to put your funds for a longer period, which will necessarily come true. But for short-term investments deposits:

A Chinese Bank Account

To open a Chinese Bank account required mobile phone, passport and 15 yuan. Also you will need to issue 2 of the document. In the first oboznalsya passport data and telephone number, and type of activity. The second document includes information about the passport. They should definitely put the signature.

deposits in yuan for individuals

Then the client makes 15 yuan and receives the card, the validity of which is 10 years. This banking product allows you to work with banks of China. Activation is not needed.

Profitable investments

The yuan is considered an exotic currency in Russia. IN VTB 24,Bank "Zenit", "Promsvyazbank", you can open the Deposit rate which is in the range of 2-3%. To open accounts better for the long term, to the prospect of receiving benefits.

whether to keep their money in Chinese yuan

Thus, the deposits in the Chinese currency, best if they open in the long term. Before placing an account you need to familiarize yourself with the programs of several banks and then choose the right conditions. A careful approach in this case provides further receipt of a good income.


Article in other languages:

AR: https://tostpost.com/ar/finance/11651-deposits-in-yuan-what-do-we-need.html

BE: https://tostpost.com/be/f-nansy/20848-klady-yuanyah-shto-dlya-getaga-treba.html

DE: https://tostpost.com/de/finanzen/20857-einlagen-in-rmb-was-brauchen-sie-dazu.html

ES: https://tostpost.com/es/finanzas/20867-dep-sitos-en-renminbi-qu-necesitas.html

HI: https://tostpost.com/hi/finance/11662-deposits-in-yuan-what-do-we-need.html

JA: https://tostpost.com/ja/finance/11662-deposits-in-yuan-what-do-we-need.html

KK: https://tostpost.com/kk/arzhy/20841-salymdar-yuan-men-ol-sh-n-ne-steu-kerek.html

PL: https://tostpost.com/pl/finanse/20808-depozyty-w-juanach-co-jest-do-tego-potrzebne.html

PT: https://tostpost.com/pt/finan-as/20809-as-contribui-es-do-caribe-o-que-voc-precisa.html

TR: https://tostpost.com/tr/maliye/20849-mevduat-rmb-ne-i-in.html

UK: https://tostpost.com/uk/f-nansi/20836-vkladi-v-yuanyah-scho-dlya-c-ogo-potr-bno.html






Alin Trodden - author of the article, editor
"Hi, I'm Alin Trodden. I write texts, read books, and look for impressions. And I'm not bad at telling you about it. I am always happy to participate in interesting projects."

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