Demand for yuan assets to increase in next two years

A significant portion of the world's largest public sector investors have said they will grow their holdings of renminbi-denominated assets during the next 12 to 24 months, according to a new survey by the London and Singapore-based think tank Official Monetary and Financial Institutions Forum.

The survey shows 18 percent of respondents expect to increase their RMB asset holdings.

The US dollar ranks in second place. Although 20 percent of respondents said they would either increase or significantly increase their dollar holdings, 11.43 percent of respondents said they will reduce their dollar holdings.