Asia's Role in the Global Securities Market

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Asia's Role in the Global Securities Market

RMB market potential• After USD and Euro, RMB is expected to replace GBP as the 3rd most popular currency for trade settlement globally (1)• Nearly 8 in 10 businesses in mainland China which have not yet started to use RMB to settle cross-border trade areplanning to use or adopt it conditionally in their future transactions (2)• More than USD 2 trillion or one half of China’s total trade flows with emerging markets expected to besettled in RMB by 2013 to 2015 (3)• Further financial reform to strengthen domestic financial infrastructure (3)• Paving the way for full RMB convertibility (3)2010-2011 2013-2015 2015 onwardsNotes:(1) HSBC Trade Confidence Index - Oct 2011(2) HSBC RMB Cross-Border Trade Settlement Survey 2011(3) HSBC in-house estimates32

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