Hong Kong Monetary Authority Chief Executive Norman Chan Tak-Lam said average daily trading volume of Hong Kong's RMB Real Time Gross Settlement (RTGS) system in May exceeded HKD RTGS for the first time.
average daily trading volume of the RMB RTGS reached CNY 390 billion or HKD 494 billion in May, a gentle growth over the HKD RTGS of HKD 487 billion, reflecting a lot of RMB trade and payment is conducted in Hong Kong and the offshore market's financial intermediaries are more active.
Source:
http://www.sinocast.com/readbeatarticle.do?id=94829
