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What are the opportunities/implications of having a designated clearing bank in my home country?
I strongly urge you against this despite the fact that you may enjoy lucrative interest rates in the short run. Considering the reckless usage of deposits and other public monies to build buildings just to claim that gdp is high (they count the cost of real estate as investment not their final sales as the rest of the world does), all depositors in Chinese banks stand to lose or at least have their funds frozen (since all credit funding the real estate building comes from the banks and taxes & land seizures to a lesser degree). China's reckless building: http://www.youtube.com/watch?v=wm7rOKT151Y East Asian Crisis (Chapters 11 & 12): http://www.pbs.org/wgbh/commandingheights/lo/story/ch_menu_03.html This can be prolonged if they open their financial system to outside funding, but that will also amplify the effect.