Wealth and Asset Management
HSBC: Over 50% of city's wealthy hold yuan deposits
The thirst for yuan assets seems to be unquenchable according to a survey which indicates that 53 percent of the city's wealthy residents hold yuan deposits and nearly a half plan to accumulate even more in the second half. Meanwhile, 51 percent of Hong Kong's richest 10 percent of the…
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Click here to read the full story: China Daily