Kevin O'Leary won't hold Chinese yuan
Kevin O'Leary says he keeps none of his money in China's currency because he doesn't trust the Chinese government — a bearish signal on China from a well-known investor.
- Kevin O'Leary holds zero Chinese yuan and won't accept payment in it.
- His reason is simple: he doesn't trust China's government to protect the value of its money.
- He points out that big institutions do the same — their yuan holdings are almost always zero.
- He'll still visit China, betting they respect the honesty.
Outlook: Expect continued Western distrust of the yuan, keeping global money parked in dollars instead.