Rapid rise in RMB deposits in HK drives optimism

Jan 12, 2011

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.

Surging renminbi deposits and rampant investor demand suggests 2011 will be a promising year for Hong Kong as it strives to develop as an offshore RMB centre, says HSBC Securities Services (HSS).

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