Markets & Investing

Staff Reporter

, Hong Kong

Published:

13 years ago

RMB deposits grew 6.4% in August

While Hong Kong dollar deposits declined by 2%, according to a statement released by the Monetary Authority.

The total remittance of the renminbi for cross-border trade settlement amounted to RMB185.82 billion, compared to RMB148.97 billion in July.

Total deposits with authorised institutions decreased by 0.5%, while foreign-currency deposits climbed by 1.0%.

Total loans and advances rose by 1.7%. Loans for use in Hong Kong grew by 0.5% and loans for use outside Hong Kong expanded by 5.5%.-

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