Yuan deposits to occupy 22.5% of total deposits by 2015

Hong Kong is set to become the first and largest recipient of CNY denominated ODI flows.

According to DBS, in the next two years, as much as 80% of China's ODI could go to Hong Kong. The CNY deposit base in Hong Kong is set to snowball from CNY314.9 billion as of end of 2010 to CNY1,847.9 billion by 2015. The surge in CNY deposits will eventually crowd out foreign deposits.

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Hong Kong fortifies future with port and maritime industry focus
Authorities discussed strategies that will fuel the industry amidst the current geopolitical scene.
Hong Kong exports rise 11.9% in June with Asia demand surge
Despite the growth, the city recorded a trade deficit of $58.9b, equivalent to 12.4% of total imports.
Economy
Hong Kong housing market shows signs of stabilization: CBRE
Kwok noted developers are prioritizing capital recovery over pricing power, creating downward pressure on overall residential values.