, Hong Kong
Photo from Eric Prouzet for Unsplash

HK deposits dip 1.6% to $15.39t in February

Renminbi deposits decreased by 2.8% to RMB813.5b.

The total deposits with Hong Kong's authorised institutions decreased by 1.6% to $15.39t in February from $15.64t in January.

The city's Monetary Authority also recorded a 1.1% and 2.1% decrease in the US Dollar and foreign currency deposits to $5.80t and $7.82t from $5.87t and $7.99t, respectively.

READ MORE: Hang Seng Bank prime lending rate unchanged at 5.625%

Meanwhile, Renminbi deposits in Hong Kong took a 2.8% dip to RMB813.5b in February from RMB837.3b in January.

However, the total remittance for cross-border trade settlement increased by 17.72% to RMB747.7b from RMB615.2b.

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