RENMINBI RISK DISCLOSURE STATEMENT Sample Clauses

RENMINBI RISK DISCLOSURE STATEMENT. 7.1 The value of the renminbi (“RMB”) fluctuates against other currencies and will be affected by, amongst other things, control measures taken by the government of the People’s Republic of China (“PRC”). (For example, the PRC government regulates conversion between the RMB and foreign currencies both in Hong Kong and Mainland China). As a result, the return on RMB products, including deposits, stocks, and other investment products may be adversely affected if said products are converted to another currency. Furthermore, the RMB is not freely convertible at present, and conversion of the RMB through banks in Hong Kong is subject to certain restrictions. In particular, conversion of the RMB by an individual customer is subject to a daily limit. If a customer intends to convert an amount in RMB from/to another currency that exceeds this daily limit, the customer should allow for a sufficient period of time for this conversion to be successfully processed. Customers who intend to trade RMB securities should note that the prices of RMB securities fluctuate, sometimes dramatically, as with any other securities. RMB securities prices may move up or down, and may become valueless. It is as likely that losses may be incurred rather than profit made as a result of buying and selling securities. Before making any investment decision, customers should consider carefully and seek professional advice where necessary. Note: The terms renminbi (“RMB”) and Chinese yuan (“CNY”) are interchangeable. Both refer to the currency of the People’s Republic of China.
Sample 1
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