Thanks for ready my first post in this forum. I have been on Gardenweb for years, mostly in the rose forum or fragrant plants forum. Only now that I have a personal finance question that I find this forum, what a great site this is!
My father in China has about 300k RMB to give me, that's approximately 50k USD. I am an US citizen, but since RMB value comparing to USD is rising, I wonder if there is a way to keep the money as RMB instead of USD. Are there any ways to invest/deposit the money, instead of keeping the money in a bank's safe deposit box? I am not interested in buying real estate/stock overseas, besides I can't do that in China since I am not a citizen. I can't open a bank account there neither.
If there's no other way I'd rather transfer the money to USD and invest it here.
Thanks so much for your input!