At present， the appleiPhone4S Hong Kong versionof thepredeterminedpricerespectively is 5088， 5888 and 6688 Hong Kong dollars， which is equivalent to 4161 yuan， 4815 yuan and 5469 yuan.
"As the market no longer sees a straight-line appreciation for the yuan, a lot of Hong Kong exporters receiving yuan as payments are starting to use options to manage their yuan exposure, " said Candy Ho, head of yuan business development in the Asia-Pacific region for HSBC Holdings PLC.
The inquiry was sparked when yuan remitted into Hong Kong for trade settlement in October more than doubled from the previous month, boosting yuan on deposit in the city's banks by 45%.
On the one hand, that could slow down the buildup of yuan in Hong Kong's banking system as more of the currency exits the territory to pay for Chinese goods.