摘要
Being a financier may not be the exclusive privilege of those working on Beijing＇s Financial Street and Shanghai＇s Lujiazui v Area. Exporters in some remote towns are training themselves to become adept at mov- ing cash. They are thoroughly conversant in the non-deliverable forward market in Hong Kong and the renminbi lending rate on China＇s mainland. A man sumamed Luo, who declined to provide his given name, was one of them. Channeling the U.S. dollars borrowed in Hong Kong at a low interest rate into a trade company is his long-practiced technique. After convert- ing it into renminbi, he lent the money out at a higher interest rate. The ensuing profits have led him to shift his focus away from his own outdoor gear and supplies business in coastal Zhejiang Province.
Being a financier may not be the exclusive privilege of those working on Beijing’s Financial Street and Shanghai’s Lujiazui Area.Exporters in some remote towns are training themselves to become adept at moving cash.They are thoroughly conversant in the non-deliverable forward market in Hong Kong and the renminbi lending rate on China’s mainland.
