Fund Managers

Rapid rise in RMB deposits in HK drives optimism

The level of RMB deposits in Hong Kong leaped by Rmb60 billion in just over a month last year. HSBC Securities Services is among those excited about the emergence of a new asset class.

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The Chinese yuan is:



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Overvalued versus the dollar
  22%
 
Undervalued versus the dollar
  49%
 
At fair value versus the dollar
  28%
TOTAL VOTES: 67
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