Since October, the Hong Kong bank time deposit market has reproduced the phenomenon of “soliciting customers with high interest rates.” There is no shortage of deposit products with interest rates as high as 7%, 8%, or even double digits on the market. Many experts have suggested that risks such as two-way fluctuations in the RMB exchange rate, foreign exchange costs, capital exit compliance, and tax issues with overseas income should be wary of “earning interest and loss.”

Since October, the Hong Kong bank time deposit market has reproduced the phenomenon of “soliciting customers with high interest rates.” There is no shortage of deposit products with interest rates as high as 7%, 8%, or even double digits on the market. Many experts have suggested that risks such as two-way fluctuations in the RMB exchange rate, foreign exchange costs, capital exit compliance, and tax issues with overseas income should be wary of “earning interest and loss.”