, 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.

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

OTC dealers face tighter clearing tests under fixed annual periods
Fixed annual periods proposed under Clearing Rules.The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) issued a joint consultation on standardising calculation periods under the OTC derivatives Clearing Rules, proposing fixed annual periods for determining mandatory clearing obligations, according to a press release.
Economy
Hong Kong activity cools amidst APAC expansion losing speed
Report flags capital markets adjusting as office assets return as the top pick since 2020.
Economy
DBS Hong Kong names Xu Qing as managing director and risk head
Xu will oversee all credit and risk functions in Hong Kong, mainland China, and Taiwan.
Retail Banking