Overseas yuan market will grow

Note: This section contains information in English only.
Source: China.org.cn
© Scanpix/Reuters

The growth in yuan deposits in Hong Kong slowed down but the overseas market for yuan will continue to rise, said Norman Chan, chief executive of the Hong Kong Monetary Authority.  The inflow-outflow yuan ratio decreased to 0.8-to-1 in September. The decline in yuan deposits does not imply yuan lost appeal in foreign market, the decline is likely to be a short-term, said Chen Daofu, policy research chief of the Financial Research Institute.

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