When it comes to stocks, many are Chinese companies with yuan-denominated revenues, which translate back into a stronger Hong Kong dollar performance for now.
The broadest measure of money supply, M2, has surged by 55 percent over the past two years and outstanding yuan-denominated loans have climbed 60 percent to 47.4 trillion yuan.
A report from the Shanghai branch of the central bank earlier this month showed that yuan-denominated deposits in local Banks rose in August following the interest rate increase.