Banks lure dollar sellers with discounts as yuan drops


BEIJING: It’s a good time to be selling dollars in China.

Industrial & Commercial Bank of China Ltd, the world’s biggest lender by assets, and at least three others are offering customers discounts when they sell foreign currency. But those who buy dollars don’t get any such deals.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , China , dollar , currency

Next In Business News

Malaysia’s rare earth moment
A gift of growth
Big appetites for US snack M&A
Building on opportunity
Shot in the arm for med-tech�
China’s selective market advantage
AI gives diamond new shine
Subsidising the EV transition
Inside South Korea’s risky ETF boom
K-One’s cloud windfall tests next growth phase

Others Also Read