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.

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