Saturday, July 20, 2013

Hong Kong RMB deposits seen surging on Qianhai reforms





Financial reforms in Shenzhen's Qianhai special economic zone could spur a surge in yuan deposits in Hong Kong, pushing them to 30 per cent of the city's deposit base from the current 10 per cent, HSBC Hong Kong chief executive Anita Fung said yesterday.









via Business feed http://www.scmp.com/business/economy/article/1286609/hong-kong-rmb-deposits-seen-surging-qianhai-reforms

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