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HSBC’s Wong Sees H.K. Yuan Settlement at 100B Yuan, Apple Says

Peter Wong, HSBC Holdings Plc’s head of Hong Kong and China, said yuan settlement between Hong Kong and China may rise to 100 billion yuan this year, the Apple Daily reported. Yuan deposits in Hong Kong may more than double to as much as 200 billion yuan by the end of 2010, the newspaper quoted Wong as saying.

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