There have been a few pieces on Chinese revaluation on Citywire

here are the links.

http://www.citywire.co.u...rising-renminbi/a391421

http://www.citywire.co.u...global-latest-news-list

http://www.citywire.co.u...isk-asset-rally/a408372

I hope they are some help.

If not, get back in touch.

Jonathan. Opening a Chinese savings account is virtually impossible. You could consider the Neptune China Income fund - it was launched recently to capture the trend of the appreciatiing renmimbi that you identify. C

Ideally you're looking to do a carry trade on sterling versus the yuan, which is popular with fx dealers currently. (This captures spot rate rises and fixed interest). The only way you can access these unless you're confident enough to paly the futures market are through ETFs or ETNs. ETFS has a growing number of these (unsure of a yuan-denominated one) products and are planning to launch more in the emerging market space later this year, as Is Deutsche Bank who have two ETNs. But as with everything, read the small print and I'd avoid it altogether. All other ETF-type currency products are based in the US and while you can access them (Wisdom Tree, Rydex) y9ou are know taking on dollar risk (since you have to pay in dollars) and you'll need to hedge that risk.

In short, I wouldn't bother

Don't bother. The HSBC account you would be allowed to open is denominated in HK dollars. They do have foreign currency accounts there too but in using them each time you buy and sell a currency HSBC converts sterling to the HK dollar (read US dollar since it trades in a very narrow fixed band) and then into the currency you want, The same happens in reverse. They do not have yuan denominated account for foreigners since the yuan remains a pegged currency, I understand.

IT is a actually one of the few times you can't blame the investment market, all of the issues are as a direct result that Chinese government keep tight reins on the yuan and it is one of the few non-free floating currencies left.