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2017-03-30 — bloomberg.com
"Now people feel that the Chinese government may tighten capital controls further and it wants more yuan depreciation, so many clients want to transfer money to Hong Kong more quickly," Chan said from his store, located in the basement of a drab mall in Causeway Bay, the world's second-priciest retail district. "We're worried the Chinese government will introduce some regulations to ban this business, so now although we're still doing it, we're trying to raise revenues from other currencies."
... "Orders came flooding in after Jan. 1 and we had a few sleepless nights filling them," said the co-owner, who didn't want himself or the firm to be named. "It seems the tighter controls become, the keener people are to get their money out. Thanks to more restrictions at banks, we are doing really well." source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |