When the market first emerged, banks were testing thewater only, but they are more aggressive now, said Ivan Li,deputy head of research at Kim Eng Securities Hong Kong Ltd.,citing the huge potential of the market. Their businesssize has become much bigger, and they are keen to expand thatf
1, according to HongKong CEO Sebastian Paredes. Standard Chartered, HSBC and ICBC(Asia) dont report similar figures. Bank of China (Hong Kong)Ltd., which has been the citys sole yuan-clearing bank since2003, is estimated to hold the majority of yuan deposits,according to Kim Engs Li.
