Yuan deposits in Hong Kong up 3.4% in July

Said deposits rose to RMB572.2b.

Meanwhile total deposits with authorized institutions increased by 2% in July, according to the Hong Kong Monetary Authority.

HKMA said, “With demand, savings and time deposits rising, Hong Kong-dollar deposits expanded by 2.1% during the month. Foreign-currency deposits also grew by 1.9% in July.”

The total remittance of the renminbi for cross-border trade settlement, however, dropped to RMB148.97 billion in July, compared with RMB205.09 billion in June.

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

Prudential Hong Kong launches Cantonese voice challenge
Cyberport joined the competition to develop practical artificial intelligence solutions.
Insurance
Hong Kong AI cohort grows amidst governance pressure
Stephen Yiu said insurers are showing stronger ownership in strategy selection.
Insurance
Credit card balances rise as revolving lines fall
Personal loans and credit cards grow whilst revolving credit and loan-on-card shrink.