Reserve managers see yuan taking 12.5 pct of global reserves by 2030-HSBC survey

April 13, 2015 4:56 AM

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HONG KONG, April 13 (Reuters) - China's yuan is expected to take a 12.5 percent market share of global reserves by 2030, an HSBC survey of global reserve managers showed, suggesting that Beijing's stepped up efforts to open its markets to foreign investments will have some pay off.

The survey was carried out in March and drew on responses from 72 central banks which manages $5.9 trillion in reserves, or 48 percent of global reserves.

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